The need for a strong relationship between Moscow and Brussels is clear, but Europe faces administrative and political barriers to a common policy on Russia and Russia remains unwilling to undertake the reforms that would make it more compatible with the EU.
Changing market conditions, increasing costs of production, and a new commitment to efficiency have given Russia an opportunity to increase its collaboration with Europe on issues of energy security.
The Turkish government’s handling of its Kurdish minority and the state of its civil-military relations will determine the longevity of the current improvement in Turkish political economy.
Turkey is one of the most economically and politically powerful states in the Middle East and it has recently been taking steps to fill the leadership vacuum that exists in the region.
The United States has a vital interest in containing the Euro crisis, and Germany’s leadership or lack of it will determine whether the response to the crisis succeeds or the euro zone unravels.
European leaders are finally coming to appreciate the depth and severity of the European debt crisis, but their policy responses so far still do not go far enough to resolve the crisis.
The flotilla incident is the culmination of a slow drift in Turkish-Israeli relations. As the Israelis are increasingly subject to international opprobrium, Turkey’s strategic importance in the region is ascendant.
Germany, which benefited from the introduction of the euro, should boost its domestic demand to compensate for the deflationary measures taken by other countries in Europe.
Though headlines label the Euro crisis as one caused by sovereign debt, Europe’s most troubled economies are suffering from not only fiscal profligacy, but also a severe loss of competitiveness.
Though the eight newest EU are committed to eventually adopting the euro, they all already suffer from the problems that dragged Greece into crisis, suggesting that none of them are ready to join the Euro area yet.