Why Greece Is Wooing Russia

Why Greece Is Wooing Russia
Greek Prime Minister Alexis Tsipras delivers a speech at Athens University entitled "The Greek Revolution as European Fact" on the occasion of Greece's Independence Day on March 25, 2015. Louisa Gouliamaki/AFP/Getty Images
Valentin Schmid
Updated:

Greece is between a rock and a hard place. Having wasted the chance to make a clean sweep, default and restructure, it is now dependent on foreign help. The good news is it has a few countries to choose from.

This week, Greek premier Tsipras visited Vladimir Putin in the Kremlin to discuss how the two countries can cooperate.

Although the terms were kept rather general, it is clear what both parties want. Putin wants Greece to cooperate on its new Turkish Stream pipeline project, which is supposed to deliver gas to Europe via Turkey and Greece.

Greece hopes to get several things from Russia, some of them inconceivable, some of them realistic.
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.