By Nayyar N Khan
Political world is experiencing massive geopolitical changes. At the crossroads of Asia and Europe, Russian city of Ufa has become the point of convergence for all the initiatives and projects of the Silk World Order of trade and integration that China and Russia are spearheading. Ufa, which is the capital of Russia’s Bashkortostan, has simultaneously hosted an extraordinary summit for both the BRICS—which has increasingly become an alternative forum to that of the G7—and the Shanghai Cooperation Organization (SCO) respectively from July 8 to 9 and from July 9 to 10, 2015. Meanwhile, economic crisis of Greece in Europe are deepening with every passing day. The question of how to save Greece, debated for more than five years among European Union, has taken the EU’s future at the recurring nightmare. After the country’s citizens voted in a referendum to reject the terms of a new bailout by international creditors, Greece risks having to leave the 19-nation Eurozone and forsaking the shared euro currency, a move that could decide the political future of Europe as a whole with particular line of actions in Greece. Although Prime Minister Alexis Tsipras’s government agreed to meet most of the terms demanded by its creditors, and it requested a three-year bailout of 53.5 billion euros, or $59 billion, as a starting point for talks about possible debt relief. But things at Brussels are not as simple as considered by many across the globe. Alexis Tsipras’s stunning victory during the elections in Greece was an alarming sign for the policymakers at the heart of European capital regarding the future of capitalism and European Union.