Euro Pushes Forward with Ukraine and Moldova, Overcoming Opposition
Legendary Hungarian leader Viktor Orban stood down from his blockade, as reported by EU sources, paving the way for the European Union (EU) to engage in potential membership talks with Ukraine and Moldova. Excluding Hungary, all other nation-states had advocated for this move at the commencement of the European Council summit.
Charles Michel, the President of the European Council, characterized this move as a "clear signal of hope" for the citizens of these countries and the broader European continent. With support from the remaining EU members, Ukraine and Moldova can now undertake EU accession negotiation proceedings, which entails analyzing their domestic rule books and governance structures in alignment with the EU's acquis.
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- Despite the staunch opposition from Viktor Orban and Hungary, the other EU members were unwavering in their support for the forthcoming 'accession negotiation' with Ukraine and Moldova.
- Euro officials have greeted this move with optimism, viewing it as a stepping stone towards further integration of Ukraine and Moldova with the EU.
- The Ukrainian and Moldovan nations eagerly pursue EU accession, with Romania also emphasizing the importance of strengthening its European ties.
Shifting Gears in Bosnia-Herzegovina
- Interestingly, Bosnia-Herzegovina also seeks to partake in EU accession talks as soon as it complies with the requisite conditions. The EU Commission will undertake an evaluation of Bosnia-Herzegovina's readiness in March and offer its verdict.
The Wider European Perspective
- Montenegro holds a leading position in the EU accession process, having opened all 35 chapters and making considerable reforms. However, corruption and judicial independence remain top issues to tackle.
- Serbia follows closely behind with 22 chapters complete, but the country faces obstacles related to its diplomatic relationships with Kosovo and adhering to EU foreign policies.
- Albania and North Macedonia are also progressing in their individual EU accession journeys, with Albania making notable strides in judicial reforms and North Macedonia grappling with inner divides and geopolitical disagreements with Bulgaria.
In sum, Ukraine and Moldova have commenced EU accession negotiation proceedings, while Bosnia-Herzegovina and other Western Balkan nations face ongoing hurdles and opportunities as they seek to strengthen their alliances with the EU.
