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The development and functioning of the EU-Eastern Partnership Parliamentary Assembly (EuroNest PA) is the focus of this Policy Brief, in which the authors argue that despite organising a number of meetings and adopting several resolutions in the past two years, the Assembly is failing to reach its objectives of promoting economic and political integration between the EU and the Eastern Partners. Three main problems are considered in this paper: i) the criticism of the European Parliament for being inconsistent about the conditions under which countries can send delegates ii) the fact that the parliamentary meetings are too short and infrequent, and iii) the observation that the Eastern Partners focus too much on national and bilateral issues, thus failing to engage in multilateral dialogue. A number of recommendations are put forward to enhance the effectiveness of the Assembly.

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The recent financial crisis in some of the eurozone member countries has received a great deal of attention by investors, policy makers and commentators alike. Often these events are interpreted as a failure of the euro and the sustainability of the eurozone is called into question. This paper shows that this analysis and its emphasis are flawed. Fiscal imbalances and financial market imperfections are at the core of the problem, and they need to be addressed directly to prevent future crises.