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The aim of this paper is to discuss the emerging political landscape in Europe and its impact on European security. The first part presents an overall assessment of the situation of the continent, where it is argued that today’s Europe has considerably better prospects for forestalling large-scale instabilities in contrast to all preceding periods in modern history. Subsequent parts discuss the problems that may challenge this optimistic conclusion, taking into consideration the various security zones on the continent. The concluding part focuses upon the interaction between these zones andanalyses possible implications for maintaining security and stability in Europe.