The Impact of the European Economic Crisis on the EaP and Its Crisis Management Flagship Initiative
The Impact of the European Economic Crisis on the EaP and Its Crisis Management Flagship Initiative

Summary/Abstract: The analysis focuses on the three types of challenges to the EaP and the EaP’s crisis management flagship initiative: economic challenges, institutional-bureaucratic challenges and regional competition. It finds that while they are very different in nature and context, the three categories of challenges pose relatively similarly serious problems for the EaP. The economic challenges alone will not essentially threaten the EaP. Even if the EU maintains the current levels of funding the EaP or even modestly reduces it, funding has already been so low so far that a moderate reduction of its current levels is unlikely to fundamentally endanger the EaP.

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