coordination. In particular we provide estimates for New EU Member States where we take into account two aspects. First, debt …

The fifth enlargement of the EU has now brought together twenty five countries, a massive success. But success has its … integrative step. This paper argues that this perception is largely misguided. The EU-25 group is considerably more integrated … than the EU-6 ever was. Dilution is not a necessary consequence of enlargement, rather enlargement is bringing to the fore …

, Central and South Eastern European countries that joined the EU after 2004. We find that these EU11 countries have benefitted … within the EU. The analysis is conducted with the macroeconomic model QUEST that distinguishes between all EU member states … and effects on EU value chains via lower prices for intermediates. GDP effects depend heavily on the degree of openness …