The Strategic Consequences Of The Euro Crisis

The Strategic Consequences Of The Euro Crisis: Cracks In NATO, New Euro Map -- Aol Defense

The Euro crisis is not simply a financial dynamic. It is the end of a period of history, the confluence of several trend lines: the unification of Germany, the end of the Soviet Union, the collapse of the Berlin Wall, the expansion of NATO, the expansion of the European Union, and the creation of the single currency together constitute a unique period in modern European history.

The trend line was also defined by moving the borders of Europe eastward with the expectation that an expanded Europe would manage its own internal dynamics well and provide stability in an historically unstable region of the world.

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My Comment: What good is a military alliance when many of it's members are too broke to sustain a viable military .... and that is the heart and essence of what Europe's debt/Euro crisis has spawn for NATO. As for everything else .... the EU as we know it will change .... with the southern nations suffering an economic depression and debt crisis that will prevent them from being serious players on the European diplomatic scene for years if not decades.