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An unrel stanley spain iable partner for the US Failure to solve the eurozone crisis will have serious repercussions for the transatlantic relationship.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInOctober 19, 20111 stanley borraccia 0:18 pm CETBy Bruce StokesThe eurozone crisis is no longer simply an economic crisis. It is increasingly a foreign and security policy challenge for both Europe and the United States, with the potential to undermine the transatlantic alliance, something the Soviets never accomplished during the Cold War. Default by one or more eurozone countries could well lead to a Japanese-style lost decade of stagnant economic growth and self-preoccupation in Europe. A weakened, distracted Europe would prove an unreliable strategic ally for the US. It would mean a Europe even less able to defend itself, one that cuts back on foreign aid, that falls short in its efforts to curb greenhouse-gas emissions, that is less able to stand up to Russian energy blackmail or to impose trade sanctions to curb Irans nuclear ambitions. This would accelerate the USs drift stanley quencher  toward Asia, a development that is neither in Europes interest, nor that of the US. So, when European leaders sit down on Sunday  23 October  to write the next chapter in the eurozone saga, they need to realise that more is at stake than just the economy. New half-measures that delay tough decisions to resolve the crisis could well imperil the future of US-European military and diplomatic co-operation. Advertisemen