... unabated, as one might say. I have just returned from an outing across France and Germany to report that while all eyes are on Greece, something else very interesting is afoot. Until a year ago the biggest civil actions the world has ever seen were (a) that being pursued against the German government by the three German nuclear power operators (E.on, RWE + Vattenfall), for damages in respect of Merkel's precipitate post-Fukushima closure of their plants. That one weighs in at around EUR 12 billion, and is perhaps a story for another day. (b) The BP oil spill ($18 billion, as we now know).
However, these were relegated to the second division by the extraordinary award against the Russian government of $50 billion last July, in favour of Yukos shareholders claiming that Russia destroyed their oil company illegally.
I don't recall this making monster headlines at the time (CU covered it here), but that might change. Because all across Europe, law firms are diligently working up practical plans to seize Russian state assets - and last month the tip of this iceberg was sighted. In all the Greek excitement, I certainly didn't spot it.
Apparently this is all very real and maybe even imminent. There may be trouble ahead ... oh, and that EC investigation on Gazprom rumbles on. The countries of the Orthodox faiths must think us western europeans have got it in for them.
A good job the Chinese have problems of their own. More nervous days in Mariupol though, I'd suggest.