Mead on German - Russian Relations

Via Meadia:

Putin is certainly likely to enjoy some geopolitical benefits as the European Union writhes in its currency woes. But it takes more than weakened neighbors to make a great power. Putin’s Russia is essentially a limited and secondary power in the sense that its own wealth depends large on the prosperity of others. If the world economy slows, the price of oil and gas fall, and the position of whoever rules Russia weakens. The EU might suffer in such a scenario but Russia’s ability to capitalize on its neighbors’ distress will be limited by its own financial weakness. ...