May 11, 2011

World Turned Upside Down, Again

Victor Davis Hanson, National Review

AP Photo

The question is not whether Greece will default on its massive debt, but, rather, when it does, whether the inevitable default will spread to Spain, Portugal, or even Italy and unravel the European Union, or simply be confined to Greece, returning it to its genteel poverty of the 1970s. Either way, a much weakened Greece will watch an ascendant and Islamist Turkey exercise, in Ottoman fashion, its newfound influence in the Aegean, Cyprus, and the Eastern Mediterranean.

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TAGGED: Europe, Greece, Portugal, Cyprus, Italy, Spain, European Union

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