The EC's Macro-Financial Assistance (MFA) is conceived to support, under exceptional circumstances and on an ad hoc basis, macroeconomic stabilisation and balance of payments of accession of candidate states and countries covered by the European neighbourhood policy. The study examines the EU's...

Conceived in 2003 and 2004, the European Neighborhood Policy (ENP) has now had two years of operational experience. This initial experience has seen a sorting out of the partner states, with Action Plans drawn up for five Eastern and seven Southern partner states. This paper distinguishes among...