The Balkans are in need of a modern paradigm

Η οικονομική κρίση στην Ελλάδα, η συνεχιζόμενη αστάθεια των βαλκανικών χωρών και οι ηγεμονικές φιλοδοξίες της Τουρκίας. Ο Αποστόλης Φωτιάδης* περιγράφει το μεταίχμιο των Βαλκανίων και τις πιθανότητες ανακατατάξεων στην Ευρώπη.

Τhe European unification project has reached a Rubicon. The monetary union has failed to overcome its first crisis without major damage, both in currency and political terms. The ‘markets’ and European citizens know that the still vibrant European countries, Germany at the core, are not prepared to compromise their chances for standing up to the challenges of the new era in order to prolong the ‘slow death’, as Soros characterised Greece’s tragedy, of their messy and defaulting south-eastern partners.

For the Balkans the price will be enormous. European enlargement will slow down and the European perspective, that together with a lot of easy cash appeased ethnic conflict in the region during the last ten years, will fade. On top of this the impact of the Greek crisis will lay severely on the region. The Greek banking sector, key actor for providing with cash the development plans of Balkan neighbours, is now choking. Standards and Poors downgraded again some days ago four major Greek banks that hold a brave share of the banking sector in the Balkans.

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