[euylvaygdq]

Second, I'd be pretty optimistic that the EU countries could easily defend themselves against any aggressor. Hard to imagine who might conventinally attack the EU anyway. Even Russias spending is less then 1/4 of the european total spending...

I am not optimistic. IMO, Europe doesn't have the spine to fight another, major war.

That said, as far as conventional threats go, I'd still put Russia down as a threat. Especially given their recent actions and rhetoric. Then there is, of course, China.