The European Union and the Baltic Sea Region: Problems and Prospects for Stability
The EU’s first attempt to deal with the new situation around the Baltic Sea following the collapse of communism was related to economic assistance. In July 1989, the G7 leaders meeting in Paris asked the European Commission to co-ordinate all forms of economic assistance from governments and international financial institutions. This started the so-called G24 process, whereby the Commission was to co-ordinate the aid policies of the 24 richest countries.
KeywordsStructural Fund Baltic State Contractual Relation Economic Assistance Accession Negotiation
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