As the EU tries to create a single financial market, engaging in a global financial governance which is no longer preoccupied with the development of new standards and institutions but rather concentrates on the implementation of existing rules, can the EU still play a major role in this particular scene?
READ MOREAccording to IOM, up to June 2016 more than 2500 migrants have lost their lives in the Mediterranean Sea in an attempt to flee hunger, persecution, and war. As an effort to fight the business model of migrant smugglers and save lives at sea, the EU has initiated EUNAVFOR Med, also known as Operation Sophia, in June 2015.
READ MORELast June, beclouded by Brexit, the EU launched its new Global Strategy. The strategy focuses on a number of issues and has opened a possibility for the EU to re-evaluate previous, and improve future, engagements. A case in need of a re-evaluation is the conflict in Georgia. Here the EU promotes state-building as the foundation for peace. The presence of Russia, however, drastically impedes the success of such an approach.
READ MOREAffairs in which it was possible to write down such words seem worlds away from the situation we live in today, when the very concept of the European Union is challenged and put to a test, especially after the Brexit vote. Precisely because of this, it is important not only to reconsider the future development of EU’s internal affairs and structures, but also the plans and ideas that would redefine the EU as an international actor. Even though it seems the new Global Strategy, adopted two months ago, has come at the right time, the question remains whether it will trigger an adequate new approach to EU’s external affairs.
READ MORE