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Forum · Issue 4 · 2022
 EU Enlargement in a New Light

On 23 June, EU leaders converged to throw their unanimous support behind the candidacy for EU membership of Ukraine and Moldova and acknowledge the eligibility of Georgia. Still, the path to EU membership is long and fraught. This moment and these new candidates present the EU with an opportunity to reform, redefine and recreate itself to meet the new challenges that lay ahead, conceptualise joint foreign and security policy and carve out its place as a geopolitical actor in its own neighbourhood and beyond.

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Forum · Issue 2 · 2022
 The Challenges of Inflation in Europe and the US

Inflationary pressures and uncertainties related to the severity and duration of the coronavirus pandemic have been growing steadily in the last year. In addition, the Russian war against Ukraine has provided a definitive answer to questions about whether rising inflation is just temporary. The sharp increase in already volatile food and energy prices is presenting monetary policymakers with new challenges.

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Forum · Issue 3 · 2022
 The Ripple Effects of the War in Ukraine

As the war in Ukraine continues with no feasible solution in sight, economists and policymakers are considering the ripple effects of the conflict in numerous sectors: energy, food and agriculture, raw materials and technology, security and defence, migration, and the global world order. This Forum examines the impact of the war on the European economy and society, how to address the fall out in the hardest hit sectors and the deep-seated ramifications that will play out in the years and decades to come.

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Editorial
 The New Cold War and the Return of History

The Russian invasion of Ukraine has marked the rebirth of a new era of conflict, the end of the late 20th century unipolar international security architecture under the hegemony of the United States, the end of globalisation and the beginning of a new cold war between the West and the East, writes Christian Breuer.

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Ukraine-EU relations
 Ukraine’s EU Integration: A Long Way Home

Ilona Sologoub discusses several aspects of EU-Ukraine relations and highlights questions that will need to be answered together by Ukraine and the EU when they undergo the journey to accession. The current full-scale war makes it necessary to  finally solve many problems that have been shelved for a long time.

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Letter from America
 Inflation Fears and Strong Labor Markets

The US economy is in uncharted territory. The unemployment rate stands at 3.6%, just 0.1 percentage point higher than its low point over the past half century. At the same time, inflation is hitting a 40-year high. The biggest risk today is not the current inflation rate but the recession lobby pushing the Fed to raise interest rates, argues Dean Baker.

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EU Enlargement
 The Case of Ukraine, Moldova and Georgia

Tinatin Akhvlediani discusses security and geopolitical implications of the EU’s enlargement to the East and illustrates how the enlargement policy could be a useful tool for the EU to coordinate its foreign and security policy, become a stronger geopolitical actor and promote European values in its immediate neighbourhood and beyond.

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Energy
 A Transatlantic Energy and Climate Pact

The Russian invasion of Ukraine has pushed Europe to re-design its energy map at speed. Amid this unprecedented energy overhaul, the EU and the US have flagged their commitment to reinforce their bilateral energy partnership. This article develops five issues around which a stronger transatlantic energy and climate pact might be built.

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refugees
 The War in Ukraine and Migration to Poland

The flight from war zones has drastically changed the migratory situation in many countries of the EU, including Poland. Maciej Duszczyk and Paweł Kaczmarczyk look at the most important challenges faced by Poland and by war refugees themselves.

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Quote of the Month

"While the EU countries decide what kind of club the EU is, they will also need to deal with the very special position in which the Russian invasion has put Ukraine. This will no doubt create challenges for other candidate or aspiring countries that must be carefully managed."

Jiffer Bourguignon, Maria Demertzis and Ekaterina Sprenger
EU Enlargement: Expanding the Union and Its Potential

Current Issue

Volume 57
2022
Issue 4

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Figure of the Month

Changes in gross fixed capital formation since the onset of COVID-19

The depth of the decline in gross fixed capital formation between the fourth quarter of 2019 and the second quarter of 2020 varied widely within the euro area, ranging from just below 1% in Finland to 80% in Ireland.

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