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Greece’s crisis is also a chance to improve bilateral relations with the western Balkans. Unique political circumstances have the potential to resolve longstanding issues and stabilize the region. However, the EU’s handling of the migration and economic crises will have a decisive impact on any such prospect.

The UK’s latest security and defense review is more coherent and ambitious than the previous version. But will the UK’s capabilities match its ambitions? And what impact might a British exit from the European Union have on the UK’s strategic approach?

NZZ editor-in-chief Eric Gujer and Marco Färber are discussing global trends with Oliver Thränert: the Saudi-Iranian dispute over regional domination in the Middle East, the role of the US, Russia’s concern to regain its status as a global power, and the increasing importance of military power in world politics.