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21. A European Balkans?

Author:
Daniel Serwer, Jacques Rupnik, and Boris Shmelev
Publication Date:
01-2005
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The Chairman recalled the reasons for holding this particular session. On the one hand, at the Thessaloniki meeting of the European Council (June 2003), the prospect was laid out of the Balkans being included, over time, within the European Union; hence, the title of the session. How that vision is to be fulfilled is obviously very much open to question, which is indeed one of reasons underlying the work of the new International Commission on the Balkans chaired by former Italian Prime Minister Giuliano Amato. On the other hand, short-term events are going to put the Balkans at the centre of European concerns over the coming months in the run-up to the final status discussions in mid-2005: the Macedonian referendum in early November, the deployment of European Union forces in Bosnia-Herzegovina (operation Altea) in December and the rising expectations of Kosovar Albanians following the October 2004 elections. To introduce the session three papers were presented.
Topic:
Security
Political Geography:
Europe, Bosnia, Eastern Europe, Balkans, and Macedonia

22. Has Trade any Importance in the Transmission of Currency Shocks?

Author:
Roberta De Santis
Publication Date:
07-2004
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
The object of this study is to assess the role of trade in the transmission of currency shocks across geographically close countries. The analysis will focus on identifying and comparing the degree of vulnerability of new EU member states from the Central and Eastern European countries (CEECs) to currency shocks.
Topic:
International Relations and Human Welfare
Political Geography:
Europe and Eastern Europe

23. Are the Balance of Payments Deficits in the Baltic Countries Sustainable?

Author:
Jorgen Drud Hansen and Morten Hansen
Publication Date:
07-2004
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
For almost a decade all three Baltic countries have witnessed substantial deficits on the current accounts of the balance of payments. This paper discusses whether this situation should be a matter of concern. Recent literature on the sustainability of balance of payments deficits is reviewed and put into a Baltic context. The main conclusion is that the recurrent large deficits in the Baltic countries pose a risk for the fixed exchange-rate policies until the countries adopt the euro. In the longer term, large deficits will influence the time path of convergence of living standards between the Baltic countries and the EU as a whole.
Topic:
Development and Economics
Political Geography:
Europe and Eastern Europe

24. Institutionalising the Wider Europe

Author:
Michael Emerson
Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The Wider Europe has become a prominent feature in European foreign policy discourse. The EU's first policy documents on this subject, however, have been thin in substance, mainly seeking to develop more active bilateral relations with countries such as Ukraine and Moldova. At the same time, however, the EU is discussing bilaterally just with Russia a set of common European policy spaces that should be at the heart of a Wider Europe policy. This paper argues that the EU should adopt a systematic approach to defining a complete set of seven common European policy spaces, with multilateral institutional developments to match, thus bringing together the bilateral and multilateral approaches. The overarching institutional mechanism should be through transforming the present very weak 'European Conference' into a seriously structured 'Pan-European Conference', led by a Coordinating Group consisting of the EU, Russia and a few other rotating places for non-EU states, with institutionalised linkages to the Council of Europe and other European multilateral organisations for the specific common policy spaces.
Topic:
International Organization and Regional Cooperation
Political Geography:
Europe and Eastern Europe

25. An Economic System for Post-War South-East Europe

Author:
Daniel Gros
Publication Date:
05-1999
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Economic recovery in the region requires stable currencies and open markets. The best way to establish these two basic conditions quickly is for the countries concerned to immediately link their currencies to the euro via a currency board and join the customs union of the EU. The EU should support this radical approach financially in two ways: a) through compensation for lost tariff revenues (conditional on clean and efficient border controls), and, b) emergency loans to acquire the necessary backing for the currency board. The currency boards should graduate to full euroisation in 2002. The total cost for the EU would be modest: around 2 billion euro p.a. if all countries participate. A market-led approach that pays local hosts to house refugees would ensure that the expenditure on refugees benefits the local economies.
Topic:
Development, Economics, International Trade and Finance, and Migration
Political Geography:
Europe and Eastern Europe