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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

History does not move in a straight line

05 July 2012

History does not move in a straight line

Eight years have passed since the EU launched its European Neighbourhood Policy, aimed at inducing its neighbours to the east to converge on modern European values and economic norms. In this Commentary, Michael Emerson reflects on the curious and circuitous turn of events in the region during this period.

Michael Emerson is Senior Associate Research Fellow at CEPS.


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History does not move in a straight line
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