Aphrodite rose gracefully out of the waters of the eastern Mediterranean and its Nereids guided sailors in distress. How did this sea, cradle of so many civilisations, end up as a military flashpoint? This year its eastern shores could become Europe’s equivalent of the South China Sea, bristling with great power tension, or a model for co-operation. I would like to believe the latter but it is going to require a leap of faith in the ability of hard-nosed autocrats to give ground and in terrorist groups to show restraint. That’s a stretch.

Let’s start with the positive. The discovery of large undersea hydrocarbon reserves is giving shape to a new regional constellation: Egypt and Cyprus, Israel and Greece.…  Seguir leyendo »