The weekend’s stunning repudiation of further European bailouts by a strong majority of Greeks shocked Brussels and beyond. That 61 percent of Greek voters want nothing to do with European Union “fixes” to their country’s grave fiscal crisis, which has preoccupied the EU for five years, represents a shocking development to Eurocrats.
What happens next is on everyone’s mind. Unless Athens comes up with a revised—and more plausible—finance plan very soon, expulsion from the Eurozone appears imminent. While that could cause financial instability for Europe, and may bring bad tidings far beyond, there’s one country that seems to be savoring this crisis.
That’s Russia. To the surprise of no one who pays attention to Vladimir Putin’s persistent efforts to undermine the EU and NATO, Moscow is poised to reap political benefits from Greece’s financial collapse.
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