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	<title>Comments on: Serbia sells its energy company to Russia</title>
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	<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/</link>
	<description>European Opinion</description>
	<lastBuildDate>Mon, 13 Feb 2012 07:39:06 +0000</lastBuildDate>
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		<title>By: Watchthisfree</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-52408</link>
		<dc:creator>Watchthisfree</dc:creator>
		<pubDate>Fri, 02 Dec 2011 21:02:12 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-52408</guid>
		<description>&lt;strong&gt;WatchThisFree...&lt;/strong&gt;

hi there, i&#039;ve been a lurker close to your blogging site a few months. i adore this post and your entire site! trying forward ti looking through far more....</description>
		<content:encoded><![CDATA[<p><strong>WatchThisFree&#8230;</strong></p>
<p>hi there, i&#8217;ve been a lurker close to your blogging site a few months. i adore this post and your entire site! trying forward ti looking through far more&#8230;.</p>
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		<title>By: Watchthisfree</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-52317</link>
		<dc:creator>Watchthisfree</dc:creator>
		<pubDate>Wed, 30 Nov 2011 11:03:27 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-52317</guid>
		<description>&lt;strong&gt;Let Me Watch This Name...&lt;/strong&gt;

this is my 1st time i have a look at here. i located so many entertaining stuff in your blog, specially its dialogue. from the tons of responses on your posts. thank you...</description>
		<content:encoded><![CDATA[<p><strong>Let Me Watch This Name&#8230;</strong></p>
<p>this is my 1st time i have a look at here. i located so many entertaining stuff in your blog, specially its dialogue. from the tons of responses on your posts. thank you&#8230;</p>
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		<title>By: Gazprom in Serbia: How&#8217;s that working out? &#124; afoe &#124; A Fistful of Euros &#124; European Opinion</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-26498</link>
		<dc:creator>Gazprom in Serbia: How&#8217;s that working out? &#124; afoe &#124; A Fistful of Euros &#124; European Opinion</dc:creator>
		<pubDate>Fri, 07 Aug 2009 09:29:46 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-26498</guid>
		<description>[...] year and a half ago, I wrote a post about the sale of Serbia&#8217;s oil and gas company, NIS, to Russia&#8217;s Gazprom. Here were the high [...]</description>
		<content:encoded><![CDATA[<p>[...] year and a half ago, I wrote a post about the sale of Serbia&#8217;s oil and gas company, NIS, to Russia&#8217;s Gazprom. Here were the high [...]</p>
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		<title>By: kamil</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-19754</link>
		<dc:creator>kamil</dc:creator>
		<pubDate>Fri, 04 Apr 2008 20:12:54 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-19754</guid>
		<description>&lt;strong&gt;konstrukcje spawane...&lt;/strong&gt;

Ostatnio szukalem firmy w warszawie ktora zajmuje sie spawaniem konstrukcji metalowych i znalazlem firme maroma. Nie wiem czemu firma na stronie nie chwali sie zbytnio tym ze oferuje konstrukcje spawane, ale po kontakcie z nimi dowiedzialem sie ze bard...</description>
		<content:encoded><![CDATA[<p><strong>konstrukcje spawane&#8230;</strong></p>
<p>Ostatnio szukalem firmy w warszawie ktora zajmuje sie spawaniem konstrukcji metalowych i znalazlem firme maroma. Nie wiem czemu firma na stronie nie chwali sie zbytnio tym ze oferuje konstrukcje spawane, ale po kontakcie z nimi dowiedzialem sie ze bard&#8230;</p>
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		<title>By: Douglas Muir</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-18559</link>
		<dc:creator>Douglas Muir</dc:creator>
		<pubDate>Fri, 01 Feb 2008 06:00:53 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-18559</guid>
		<description>You know what I hate?

When I predict that someone will behave badly -- i.e., that DS will continue to be a craven bunch of gutless wonders -- and I am then, immediately, proven right.

* * * * *

B92: Will the governing coalition collapse because of the lack of support 

Đelić: The government’s working, and President Tadić and the DS have always guaranteed our society and country stability, and that’s what we’ll continue to do. 

B92: That means you’re not considering withdrawing from the government? 

Đelić: We’re working for the good of our citizens, we expect a great victory for Boris Tadić on Sunday. The government will continue to function. 

The deputy prime minister also doubts Koštunica’s statement yesterday that he had still not decided who to vote for on Sunday. 

“I can’t believe that the prime minister, who is the guarantee of democracy, won’t vote on Sunday. I’m sure that Koštunica who, together with Tadić, and led by Zoran Đinđić, toppled the regime of Milošević, Šešelj and Tomislav Nikolić seven years ago, cannot vote for anyone other than Tadić,“ he predicted. 

* * * * *

Bganon, I like you.  But let&#039;s be real.  Until DS discovers its missing testicles, there is zero chance of G17 or Cedo being any more important than they already are.  (In fact, in G17&#039;s case, I think they&#039;re in serious danger of becoming irrelevant and disappearing altogether.  I&#039;m sorry to say it, since I have a soft spot for technocrats, but there it is.)

If Tadic wins, this ridiculous government will stagger on.  If Nikolic wins... probably, this ridiculous government will stagger on; after a day or two of suffering and complaining, DS and the rest of them will decide that it&#039;s still better to stay in government (where they can work to limit the damage, you know) rather than risk another election.  Because elections, you know, are scary.


Doug M.</description>
		<content:encoded><![CDATA[<p>You know what I hate?</p>
<p>When I predict that someone will behave badly &#8212; i.e., that DS will continue to be a craven bunch of gutless wonders &#8212; and I am then, immediately, proven right.</p>
<p>* * * * *</p>
<p>B92: Will the governing coalition collapse because of the lack of support </p>
<p>Đelić: The government’s working, and President Tadić and the DS have always guaranteed our society and country stability, and that’s what we’ll continue to do. </p>
<p>B92: That means you’re not considering withdrawing from the government? </p>
<p>Đelić: We’re working for the good of our citizens, we expect a great victory for Boris Tadić on Sunday. The government will continue to function. </p>
<p>The deputy prime minister also doubts Koštunica’s statement yesterday that he had still not decided who to vote for on Sunday. </p>
<p>“I can’t believe that the prime minister, who is the guarantee of democracy, won’t vote on Sunday. I’m sure that Koštunica who, together with Tadić, and led by Zoran Đinđić, toppled the regime of Milošević, Šešelj and Tomislav Nikolić seven years ago, cannot vote for anyone other than Tadić,“ he predicted. </p>
<p>* * * * *</p>
<p>Bganon, I like you.  But let&#8217;s be real.  Until DS discovers its missing testicles, there is zero chance of G17 or Cedo being any more important than they already are.  (In fact, in G17&#8242;s case, I think they&#8217;re in serious danger of becoming irrelevant and disappearing altogether.  I&#8217;m sorry to say it, since I have a soft spot for technocrats, but there it is.)</p>
<p>If Tadic wins, this ridiculous government will stagger on.  If Nikolic wins&#8230; probably, this ridiculous government will stagger on; after a day or two of suffering and complaining, DS and the rest of them will decide that it&#8217;s still better to stay in government (where they can work to limit the damage, you know) rather than risk another election.  Because elections, you know, are scary.</p>
<p>Doug M.</p>
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		<title>By: Doug M.</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-18536</link>
		<dc:creator>Doug M.</dc:creator>
		<pubDate>Thu, 31 Jan 2008 04:42:56 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-18536</guid>
		<description>&quot;DS withdraw from government due to lack of DSS support for Tadic.&quot;

This would require DS to, as they say, reach down and find a pair.

Theoretically possible, but it would be a big departure from their behavior to date.


Doug M.</description>
		<content:encoded><![CDATA[<p>&#8220;DS withdraw from government due to lack of DSS support for Tadic.&#8221;</p>
<p>This would require DS to, as they say, reach down and find a pair.</p>
<p>Theoretically possible, but it would be a big departure from their behavior to date.</p>
<p>Doug M.</p>
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		<title>By: bganon</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-18533</link>
		<dc:creator>bganon</dc:creator>
		<pubDate>Thu, 31 Jan 2008 00:42:06 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-18533</guid>
		<description>Doug I have to agree it aint complicated to just write 400 million Euros (not dollars?!) &#039;for 51 percent of the company&#039;. You just wanted to show what a bad deal it was. It may well be a bad deal but people would like a bit of accuracy, and the whole picture please. I&#039;m not even the pedantic type and mistakes like that irk.

My chief problem with the deal is something I&#039;m not sure you have mentioned - the dirty monopoly word. Russians already own Beopetrol and I reckon they will have a majority of the petrol pumps in Serbia (not that I give a toss they should double, no triple the price of petrol in these parts anyway).

&#039;No… unless G17 and Cedo form the next government (hahahaha, oh please excuse me, ha)&#039;

I&#039;d say that if Nikolic wins that is a realitic option. It goes like this - DS withdraw from government due to lack of DSS support for Tadic. SRS dont want to join the government - trust me they wont. Elections are called and there is an increase in support for DS and LDP. The only question is whether LDP will bite. In the final analysis they would.
It may be an outside bet but its not a joke.</description>
		<content:encoded><![CDATA[<p>Doug I have to agree it aint complicated to just write 400 million Euros (not dollars?!) &#8216;for 51 percent of the company&#8217;. You just wanted to show what a bad deal it was. It may well be a bad deal but people would like a bit of accuracy, and the whole picture please. I&#8217;m not even the pedantic type and mistakes like that irk.</p>
<p>My chief problem with the deal is something I&#8217;m not sure you have mentioned &#8211; the dirty monopoly word. Russians already own Beopetrol and I reckon they will have a majority of the petrol pumps in Serbia (not that I give a toss they should double, no triple the price of petrol in these parts anyway).</p>
<p>&#8216;No… unless G17 and Cedo form the next government (hahahaha, oh please excuse me, ha)&#8217;</p>
<p>I&#8217;d say that if Nikolic wins that is a realitic option. It goes like this &#8211; DS withdraw from government due to lack of DSS support for Tadic. SRS dont want to join the government &#8211; trust me they wont. Elections are called and there is an increase in support for DS and LDP. The only question is whether LDP will bite. In the final analysis they would.<br />
It may be an outside bet but its not a joke.</p>
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		<title>By: Noel Maurer</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-18496</link>
		<dc:creator>Noel Maurer</dc:creator>
		<pubDate>Sat, 26 Jan 2008 22:44:38 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-18496</guid>
		<description>Hi, Doug.  Since I do this sort of stuff for a living, I figured I&#039;d take a look.  As you know, it&#039;s a solid piece of analysis.  We should write something professionally.

Although there is one little thing that&#039;s kinda making me cough slightly.

&quot;Unless the Serbs decide to nationalize the pipeline — hah.&quot;

I do have to say that I&#039;ve heard of countries with far stupider governments than Serbia, and under far more foreign pressure, renegotiating far less idiotic deals.

Either you&#039;re talking about a relatively short timeframe, or I&#039;m missing some institutional detail.  Which is it, may I ask?</description>
		<content:encoded><![CDATA[<p>Hi, Doug.  Since I do this sort of stuff for a living, I figured I&#8217;d take a look.  As you know, it&#8217;s a solid piece of analysis.  We should write something professionally.</p>
<p>Although there is one little thing that&#8217;s kinda making me cough slightly.</p>
<p>&#8220;Unless the Serbs decide to nationalize the pipeline — hah.&#8221;</p>
<p>I do have to say that I&#8217;ve heard of countries with far stupider governments than Serbia, and under far more foreign pressure, renegotiating far less idiotic deals.</p>
<p>Either you&#8217;re talking about a relatively short timeframe, or I&#8217;m missing some institutional detail.  Which is it, may I ask?</p>
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		<title>By: Douglas Muir</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-18494</link>
		<dc:creator>Douglas Muir</dc:creator>
		<pubDate>Sat, 26 Jan 2008 19:11:17 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-18494</guid>
		<description>With Gazprom?  The company that&#039;s now going to control all of Serbia&#039;s natural gas and oil?  Ummm.

Also, the current government has done a pretty good job of painting itself into a corner.  Everyone&#039;s been talking about what a *great* deal this is for Serbia.  That&#039;s going to make it very hard for them to turn around and &quot;renegotiate&quot;.

And then of course Gazprom has rather a lot of money to throw around.  Do you want those campaign contributions or not, Mr. Minister?

No... unless G17 and Cedo form the next government (hahahaha, oh please excuse me, ha), no plausible Serbian government is going to push back very hard.  Gazprom will pay very little in taxes, and nobody&#039;s going to complain.  Gazprom&#039;s going to follow environmental rules as much or as little as it cares to, and nobody&#039;s going to complain.  And if Gazprom breaks its promises, most of Serbia&#039;s politicians will fall over themselves to accept its explanations.

Think United Fruit in Central America, except that Gazprom is far bigger and more powerful than UF could ever be.  Not everybody likes bananas, but we all like to stay warm.


Doug M.</description>
		<content:encoded><![CDATA[<p>With Gazprom?  The company that&#8217;s now going to control all of Serbia&#8217;s natural gas and oil?  Ummm.</p>
<p>Also, the current government has done a pretty good job of painting itself into a corner.  Everyone&#8217;s been talking about what a *great* deal this is for Serbia.  That&#8217;s going to make it very hard for them to turn around and &#8220;renegotiate&#8221;.</p>
<p>And then of course Gazprom has rather a lot of money to throw around.  Do you want those campaign contributions or not, Mr. Minister?</p>
<p>No&#8230; unless G17 and Cedo form the next government (hahahaha, oh please excuse me, ha), no plausible Serbian government is going to push back very hard.  Gazprom will pay very little in taxes, and nobody&#8217;s going to complain.  Gazprom&#8217;s going to follow environmental rules as much or as little as it cares to, and nobody&#8217;s going to complain.  And if Gazprom breaks its promises, most of Serbia&#8217;s politicians will fall over themselves to accept its explanations.</p>
<p>Think United Fruit in Central America, except that Gazprom is far bigger and more powerful than UF could ever be.  Not everybody likes bananas, but we all like to stay warm.</p>
<p>Doug M.</p>
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		<title>By: Cyrus</title>
		<link>http://fistfulofeuros.net/afoe/energy/serbia-sells-its-energy-company-to-russia/comment-page-1/#comment-18491</link>
		<dc:creator>Cyrus</dc:creator>
		<pubDate>Sat, 26 Jan 2008 16:25:26 +0000</pubDate>
		<guid isPermaLink="false">http://fistfulofeuros.net//serbia-sells-its-energy-company-to-russia#comment-18491</guid>
		<description>Governments, especially governments with not a lot to lose in the reputation department, are more free to make bad business decisions than non-sovereign entities: the deal can be unilaterally &quot;renegotiated&quot;.</description>
		<content:encoded><![CDATA[<p>Governments, especially governments with not a lot to lose in the reputation department, are more free to make bad business decisions than non-sovereign entities: the deal can be unilaterally &#8220;renegotiated&#8221;.</p>
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