The region’s economic problems may deteriorate as money is withdrawn by Greek banks who play a major role in the financial sector of some Balkan countries. The problem with Athens’ vast debt and the expected long-term stagnation in Greece will slow down the economic development of the entire region.
Russia is modifying its historical policy; it is giving up its vindications of Stalin, while at the same time defending the concept of the USSR’s role as liberator during the Second World War.
Militant Islam is the greatest threat to stability in the North Caucasus. However, it is merely a symptom of a much wider process, namely the widening civilisational gap between Russia and the North Caucasus. As a result, the North Caucasus is turning into an enclave separated from the rest of the Russian Federation by a growing civilisational gap.