Portfolio: Russia Takes Advantage of the Eurozone Crisis - 0 views
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The key issue right now is whether Greek parliament will be able to pass the June 28 austerity measures vote. If it fails, it could lead to further panic throughout Europe. This has unsettled the markets and generally panicked investors throughout the world.
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First of all, Europeans are distracted and generally not unified on a number of issues but because the economic crisis has engulfed the eurozone
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The two greatest geopolitical interests are the upcoming privatizations in Greece and also the news that Russia is interested in Austrian banks.
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if DEPA falls to Russian hands, Gazprom has been quoted to be interested in its privatization, it would really complicate European efforts of using Greece as an alternative to Russian natural gas routes.
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Another appealing opportunity for the Kremlin is the rumored interest of Sberbank and VTB, Russia’s two largest state-owned banks and Austria’s Raiffeisen Bank and Fokus Bank.
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The reason that Russia’s interest in Austrian banks is something to look at is because Austrian banks control quite a number of banks in Central and Eastern Europe.