Written by Ana Claudia Alfieri,
© Comugnero Silvana / Fotolia
One important European Union (EU) objective is to achieve macroeconomic and political stability in its neighbourhood by ‘developing a zone of shared stability, security, and prosperity’ through a set of policies that help to bring candidate, potential candidate, and neighbourhood countries closer to the EU. One of these policies is macro-financial assistance: an instrument the EU uses exceptionally to help countries that ‘play a determining role in regional stability, are of strategic importance for the Union, and are politically, economically and geographically close to the Union’ to overcome acute balance-of-payments crises.
The Macro-Financial …read more
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