Eurozone And The Eu Institutions Failed

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Eurozone and the EU institutions failed to detect that. This undermines the ability of EU institutions to deal effectively with challenges of integration of new members as well as opens the possibility that the EU is not immune to similar occurrences in the future. Finally, since the onset of the European economic crisis, the EU has accessed only one new member in 2013 - Croatia. Thus, the stalling of EU explanation since the octet of the crisis can undoubtedly be attributed at least partially to economic factors. Ultimately, though, the long-term effects of this crisis on EU integration cannot be conclusively established at this point, as the crisis is still ongoing. Therefore, next I look over the conventional wisdom about the factors…show more content…
Yet, the economic growth of the region is slow in comparison to the established member states. In addition, while established EU members are some of the least-corrupt in the world and are established liberal democracies, some of the new-comers bring in corruption which further slows economic growth and democratization in the region. Undoubtedly, slower economic and pro-democratic development in the Eastern Block prominently lowers the prospects for EU membership. In addition, the popular attitudes in the established states that oppose accession of new Eastern European members appears to also be shaped by these perceptions. Conventional Wisdom about EU Accession of Eastern Europe The literature on the Eastern expansion of the EU is dominated by studies seeking to identify the overall expectations of candidates and the motives for established states to approve or reject applicants. Consistent with the Copenhagen criteria, the predominant theoretical perception is that attitudes towards democracy and capitalism in candidate states determine EU membership and can reasonably be connected to a smoother and faster accession process (Christin 2005; Cichowski 2000; De Witte 2002; Delsoldato 2002; Fish 2005; Hellman 2004; Plumper, Schneider, and Troegerv 2006; Nissen 2003; Tucker, Pacek, and Berinsky 2002). The literature also links EU expansion to increase in tensions between established and
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