Three major geopolitical events are putting
the stability of the Eastern Mediterranean
at risk. Most of the region is in a deep
monetary and economic crisis. The Arab
Spring is causing turmoil in the Levant and
the Maghreb. Gas and oil discoveries, if not
well managed, could further destabilise the
region. At the same time, Russia and
Turkey are staging a comeback. In the face
of these challenges, the EU approaches the
Greek sovereign debt crisis nearly
exclusively from a financial and economic
viewpoint. This brief argues that the EU
has to develop a comprehensive strategy for
the region, complementing its existing
multilateral regional framework with
bilateral agreements in order to secure its
interests in the Eastern Mediterranean