The European Union has talked lots, acted little, on coordinating energy policy for the 500-million, 27-nation, mega bloc. The specter of the Russian bear grinning as its grips Europe's energy spigot gives EU bureaucrats the heebie jeebies. But that fear, largely unfounded the Informant believes, has not translated into action. Until now, possibly. Leaders from eleven central and eastern Europe, where Russophobia is an art form, have met for a first ever energy summit, to chart a course of energy security. The big news to come out of the Feb. 24th meeting in Budapest was the signing of a declaration to create a north-south-east gas supply network.
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