Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I was hoping for a closely-held Belgian cartel, yanno, to close the arc of land-grabbing history, but these are the north Africans who TuNur is fronting.

"Main Shareholders"
Nur Energie: UK hedge fund
Armonia LLC: US hedge fund
Low Carbon: UK hedge fund
Zammit Group: a Maltese mafia
Cluster energie tunisie: crude, gas, agro, mining, electricity FTA tenders (by currency value)

Main "Stakeholders"
République Tunisienne Ministère de l'Industrie? Not so much

Let's recap: sparsely populated, R2P-shorn, unemployed beneficiaries of DESERTEC seek high-stake ROI from inverted FDI (formerly known as tax evasion, off-shore tax shelters).

Diversity is the key to economic and political evolution.

by Cat on Wed Aug 9th, 2017 at 01:23:43 PM EST
[ Parent ]
Loving Rome means cleaning it up
What constitutes a "mafia"? The term was first applied to Sicily's Cosa and also to a criminal organization in the United States. In Italy it is also widely used to refer to the Camorra in Campania, and the `Ndraghetta in Calabria. Article 416 of the Italian Criminal Code states "an organisation is of a mafia-type when those participating in it take advantage of the organisation's power of intimidation and of the resulting conditions of submission and omertà (culture of silence) in order to commit criminal offences..." By this definition, is there a [Maltese] mafia?

Diversity is the key to economic and political evolution.
by Cat on Sat Aug 12th, 2017 at 02:18:32 AM EST
[ Parent ]
Dodgy investors with hot money will fill the void if state investors don't have the political will, imagination, resources and access to low interest capital to take the initiative on what would be perceived as high risk and hugely capital intensive projects. Ideally the EU would enter into state level cooperation agreements with Saharan countries.  The amount of capital required to generate economies of scale and profit margins sufficient to cover interest costs might preclude smaller entities from taking the lead, although pension funds might like the long term return characteristics of such projects. Get rich quick small scale investers, less so.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Aug 14th, 2017 at 10:40:22 AM EST
[ Parent ]


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