Albania rewarded with EU Candidate Status

Albania received the official candidate status of the EU. The country in the Western Balkans has a population of three million people, 17% unemployment and is known for its endemic organized crime but also its beautiful beaches. It is likely that the talks for Tirana will last for many years. It will depend on the speed of reform and the political will and consensus how long Albania’s road to membership will take. Continue reading “Albania rewarded with EU Candidate Status”

Lithuania approved as 19th member of the Euro

The Euro remains popular. Lithuania declared that it wants to join the Eurozone in January 2015 and the Commission confirmed that the small Baltic country fulfills all the criteria. At the Brussels summit on 27 June 2014, the EU Council not only voted in favor of Jean-Claude Juncker as the next president of the EU Commission, and signed partnership agreements with Georgia, Moldova and Ukraine, but importantly as well included a statement that Lithuania will become the 19th member of the Euro. I remember vividly that many of my friends in 2010 in the U.S. told me that the Euro would fall apart. Now, the Euro is back on his feet and enjoys popularity among member states. Continue reading “Lithuania approved as 19th member of the Euro”