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Paul Roderick Gregory – Biden gives Putin the Nord Stream prize and gets nothing in return

Summary:
Maybe some progress, but The Hill doesn't like it. The article is very hawkish, and sounds as if it was written by someone from the MIC. And the German Greens are strangly hawkish too, as is they have been infiltrated.Although notable for its lack of cohesion, even the European Parliament levied new sanctions on Nord Stream 2, as the international community waited for the Biden sanctions.The Biden administration’s decision to waive Nord Stream 2 sanctions cites the need to repair relations with Germany that were supposedly strained by Trump’s tough treatment of the Angela Merkel government. Besides, argued Berlin, Nord Stream 2 is simply a commercial project and it is not fair to play politics with it; instead, we need “business as usual.”I suspect that Biden is playing the Obama

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 Maybe some progress, but The Hill doesn't like it. The article is very hawkish, and sounds as if it was written by someone from the MIC. And the German Greens are strangly hawkish too, as is they have been infiltrated.


Although notable for its lack of cohesion, even the European Parliament levied new sanctions on Nord Stream 2, as the international community waited for the Biden sanctions.


The Biden administration’s decision to waive Nord Stream 2 sanctions cites the need to repair relations with Germany that were supposedly strained by Trump’s tough treatment of the Angela Merkel government. Besides, argued Berlin, Nord Stream 2 is simply a commercial project and it is not fair to play politics with it; instead, we need “business as usual.”


I suspect that Biden is playing the Obama administration’s “concessions to get concessions” game. If so, this will not work with Putin, who takes concessions as a sign of weakness. Even more threatening is the fact that Putin will never agree to a Ukrainian settlement that allows for a peaceful, Western-oriented and prosperous Ukraine. This means that the only path to any agreement would be one that sells out Ukraine by reintegrating it back into Russia’s sphere of influence.


The Hill

Paul Roderick Gregory - Biden gives Putin the Nord Stream prize and gets nothing in return




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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