"Vladimir Putin undermines NATO members by stirring up trouble with Russian minorities in Estonia and Latvia, and with Russia's Kaliningrad enclave between Poland and Lithuania. Recent airspace encounters show Russia's willingness to test NATO's capabilities," Bloomberg reports.
The "Pessimist's Guide" is based on the opinions of foreign political analysts, military experts, economists and investors. It aims to point out the worst-case scenarios of possible confrontations in 2015.
The list of fifteen potential hotspots involves the usual suspects like Syria, Israel, Gaza and Iraq, as well as growing tensions in the Arctic region over the ownership of its natural resources, and a potential eurozone crisis stemming from Greece.