The Republic of Moldova - a tiny country of just 3.5 million people - is at risk of becoming Europe’s next security crisis, with potential consequences far beyond its borders. A former Soviet Republic sandwiched between Romania and Ukraine, Moldova sits at the crossroads between Europe’s East and West. Since it declared independence in 1991, power has alternated between the Communist Party, which has traditionally sought stronger ties with Russia, and pro-European parties that have staunchly advocated membership in the European Union.

In 2009, the pro-Europeans came to power and made progress toward their goal. They signed an association agreement to deepen political ties with Brussels and gradually integrate Moldova into the European common market. Exports increased, the economy grew and, in return for a series of reforms, including improving human rights, Moldovan citizens were granted visa-free travel into E.U. territory.

Yet today the picture is far less optimistic. Over the last six years little has been done to open up the country’s economy and its institutions. Corruption remains endemic and the state is still in the hands of oligarchs, while punishingly low incomes have propelled hundreds of thousands of Moldovans to go abroad in search of a better life. (more...)