President Traian Basescu and Prime Minister Calin Popescu-Tariceanu have ruled out Romania’s participation in Gazprom’s South Stream project. Instead, they reaffirmed the country’s full commitment to the Western-backed Nabucco project. The two leaders acted after Gazprom had hinted at the possible inclusion of Romania in... MORE

That was a close one.

beyond the sea

July 2-4, 2004 THE WALL STREET JOURNAL EUROPE NATO’s summit, just held in Istanbul, seemed consumed with the ongoing crises in Iraq and Afghanistan, and preoccupied to heal internal disagreements over those crises. Allied leaders did little more than glance at their strategically pivotal neighborhood... MORE