The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and the Eurosystem’s loose monetary policy, helped
Tag: Economic criteria
Progress Report on Montenegro 2019
European Commission's Report on Montenegro 2019 - key findings Political criteria The reporting period continued to be marked by the low level of trust in the electoral framework, which needs to be revised in a comprehensive and inclusive manner. A temporary parliamentary committee on reform of electoral and other legislation was established
2016 Progress Report on Montenegro
Key findings The past year saw the continuation of accession negotiations with the EU. The parliamentary elections of October 2016 were conducted under a substantially revised legal framework and, overall, in a more participatory and transparent manner. In December 2015, Montenegro received an invitation to join NATO, which is an important