Daily Archives: June 11, 2010

One little-noticed side effect of the Greek debt crisis is that it is playing into the hands of those who oppose faster progress on enlarging the European Union.  Western Balkan countries such as Albania, Croatia, Macedonia, Montenegro and Serbia are queuing up at the EU’s door, but only Croatia has any chance of membership in the next three years.

Among the reasons is that Greece, the first Balkan state to enter the EU (in 1981), has been exposed as a country that not only ran ruinous and reckless fiscal policies for many years, but deceived its partners with false data in order to join the eurozone at the start of this decade.  Rightly or wrongly, some policymakers in EU national capitals argue that this unhappy experience demonstrates that, when it comes to public probity, Balkan states are just not to be trusted. Read more