Sunday, November 23, 2008

Albania Update

The Tirana Times reports that an $11 billion petroleum discovery has recently been made in northern Albania.

Properly developed, this resource could be a godsend for this little country which has endured so much over the years. But Albanians are very conscious of the corruption that threatens their fledgling democracy -- and petro-wealth and corruption are a terrible mix, as events have shown elsewhere in the world.


Janice Thomson said...

Indeed a little money can change attitudes dramatically - how sad this should be so.

Eastcoastdweller said...

I hope that it will become a blessing, not a curse.