Huff Post: Who Is the Loser From the End of South Stream? Nobody
Putin's announcement that he is canceling South Stream as well as all the overtones the statement produced -- about the annoying Bulgarians, the loss for Europe and the gain for Turkey -- were well staged. But that's all. That drama ended on the stage.
The decision should be a relief for everybody simply because everybody is a clear winner.
First, Russia wins from moving out of an impossibly expensive project that has a seriously questionable return on its massive investment.
Second, the European Commission wins by showing that its Energy Union spirit works and that it can stand up to Russia when the Kremlin tries to bully the little European guys one by one.