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Greek crisis is mainly economic in nature, but the geopolitical dimensions should not be underestimated. Following the analys of Thanos Dokos in ELIAMEP, if Greece fails to recover, it may well be forced to leave the Eurozone with a huge economic and political impact for the Euro and the EU. He argues there will be severe repercussions for regional stability in Southeastern Europe and the Eastern Mediterranean, as well as the EU‘s and NATO‘s ability to play a substantial role in those regions.
Allowing Greece to become a weak or even a semi-failed state will have an impact well beyond its immediate borders. On many issues, the ability of Greece to make a positive contribution should no longer be taken for granted.