EC: For years, my favorite continent. I always played in Sirion and since the last great peace, Sirion has been involved in virtually all wars. We fought against almost the entire continent, we defeated our enemies and now we start to worry about the fact that we have a vast realms with few obvious enemies... because we killed them all. And we cannot retain characters without war. However, Perdan is growing so much that at some point, or we will have a great peace again, or another great war among the three great forces: Perdan, Sirion and Caligus. Perdan have the entire south now... Sirion still can wage war against OI, maybe against Westmoor... but after that, we will have a continent of three huge realms.
FEI: We have the Empire and the "free realms". Many battles, I must say. I believe FEI will have reasons to wage war for some years.
Dwilight: Almost the same thing with the Theocracies against the "free realms". I doubt this war will continue for a long time, but there's enough conflicts to stay and figt more wars.
One of the best recent experiences I had was in Beluaterra. I had some certainty that Melhed will lose the war, but war brought new life to the kingdom for a few months. However, I bet most of the people in power would not risk their relams when they have some certainty that they will lose miserably.