Given the EU's fundamental interconnectedness -- in economic, financial, geopolitical and social terms -- the disruptive impact of each shock would amplify the others, overwhelming the region's circuit breakers, leading to recession, reviving financial instability and creating pockets of social tension. This would increase already high unemployment, expose excessive financial risk-taking, embolden Russia and strengthen populist movements further, thereby impeding comprehensive policy responses.
In 2013, I visited the town of Akureyri in Iceland's far north, and had the honor of chatting with the town's Mayor Eiríkur Björn Björgvinsson for the travelogue I was writing at the time.
ATHENS -- It seems extraordinary how averse we have become to democracy. How alien an honest leader, who is unwilling to sell the country out in exchange for continuing power, appears. Tsipras is what all leaders should actually be like. We have simply become so accustomed to seeing things through the warped prism of political expedience, that democracy as it should be appears twisted.
To put the arrest of Mansour and the collaboration between Egypt and Germany in context, one needs to understand that Egypt's government is not only illegitimate but weak, which explains why it is trying to pull EU countries -- mainly Germany and the United Kingdom -- into its camp.
For Kiev, winning the public relations war against Vladimir Putin would seem to be a no-brainer. For a year now, the Kremlin has conducted a thinly-disguised war of aggression in eastern Ukraine resulting in the deaths of thousands.
A little over twenty-five years ago I made my first trek to Greece and Cyprus. One of the things I recall younger Greeks criticizing their elders for was their lacking of belief in the newly introduced 'every-man's' banking system.
If Russia does not seize the opportunity to bail out Greece, we can conclude that the Russian economy is in much worse shape than anticipated. There is also an interesting observation to be made behind the gunpowder smoke in Ukraine, Iran's alleged nuclear weapons program and several other geopolitical issues.
BUENOS AIRES -- Athens in 2015 will become like Buenos Aires in 2001. Greeks now face the prospect of prolonged capital controls, severe political unrest and eventually a confiscation of ordinary citizens' savings to finance a government's withdrawal from the world.
OK, there's absolutely no evidence that Orpheus, the mythical musician who set the trees and rocks a-dancing with his melodies but lost his wife Eurydice forever with that fateful, most verboten backward glance on the way up from Hades where a nasty snake bite had dispatched her, was born here in Xanthi in Thrace.
I interviewed Spanish actress Paz Vega in 2011 regarding her then-latest film, "Cat Run." An international sex symbol since the steamy drama "Sex and Lucia," Ms. Vega didn't disappoint with her appearance, although like most actors, she's far more petite in person that she appears on-screen.
Banks in Greece will not open their doors Monday morning. Greece has been moving towards this dramatic final act ever since it was allowed to enter the Eurozone with cooked fiscal accounts in January 2001 -- two years after the euro was launched.
How much terrorism can the world take in 24 hours? June 26, 2015 will certainly go down in history as a day that pushed the limit. Perhaps one positive thought remains. It is said that the night is darkest just before the dawn -- I don't think our night can get any darker.
The Greek government has squandered all its goodwill within half a year through a combination of arrogance, belligerence, naivety and utter incompetence. It set out to restore the "dignity" of the Greek people by "liberating" them from the alleged stranglehold of the Troika, while in the process "transforming" Europe into a more equal and just continent. It has achieved neither.
Today we stand on the precipice of a European implosion. A popular referendum on July 5th may determine if Greece will leave the monetary union, and perhaps, according to its Central Bank, also the EU.
This is not mere ancient history. It is playing out today, and not just in the consequences of British (or French, or German, or American) imperial misadventures. It informs our Western portrayal of the "East" and our understanding of its peoples. We still see ourselves as the civilized world, the bearers of universal values. And we still portray the "East" as less civilized, more prone to violence, less respectful of human life and liberty.
An orderly unwinding of Greece's and Europe's debt is possible. If it could be done in the U.S., when a third of all savings and loans associations failed in the 1980s and 1990s, something similar can be done in Europe.