The financial arrangements for the accession of 10 new member states made at the Copenhagen European Council in December 2002 and confirmed in the Accession Treaty signed in Athens in April 2003 will pose significant financial problems for these countries in the short-term. These result from the...

The purpose of the assistance is to support the participation of Albania in the Stabilisation and Association Process (SAP).The main specific objectives of this assistance are: contributing to enhance Albania’s capacity in terms of security and public order, strengthening rule of law, good...

This independent report – with the wealth and breadth of knowledge it puts forward and the quality of the analysis it presents – gives us a research-based perspective on the post-2015 challenges we face.

This paper provides a simple weekly model of the regular supply of liquidity in the euro area, with a view to understanding the functioning of the euro area money market. The main result of the analysis is that liquidity has normally been provided by the ECB in a neutral and smooth manner, but...