Central Europe Activ

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The V4+ Energy Summit held in Budapest on 24-26 February ended in a joint declaration signed by the V4 plus Austria, Slovenia, Romania, Bulgaria, and the perspective member state Croatia (along with Croatia and Bosnia-Herzegovina). If these countries show such unity as they had in the March 2009 economic crisis summit, it can put a great empire back on the power equation of Europe. The former Habsburg Empire had stretched over (most of the current territories) of these countries. The combined voting or market power of this 8 + 1 member states could hardly be excluded from any EU deal – theoretically. What political and economic forces can help and undermine this new regional block within the EU?

Posted by Dániel Antal

The more similarities we find in economic performance or structure, or in economic decision, the more likely that the group will share common interests, and it makes more economic and political sense to act as a group against other countries. However, if one or two EU member states are more similar to their other neighbors, they will have a motivation to undermine the V4 group.

Posted by Dániel Antal

Overall, Central and Eastern Europe is very strongly hit in the current economic crisis that had divided the European Union as well. In some countries, which are in a nation-building state, candidates have expressed unfaltering support for nationalistic parties. In the more established countries, such as the Czech Republic or Hungary, the political elite is divided among ideological, not ethnic or nationalistic lines, and the political elite is in a deep crisis.

Posted by Dániel Antal

The EU has run into the current world economic crisis with rigid political institutions and lack of a clear decision-making capability, it has a diminishing competitiveness on in the world economy and it had the lowest growth rate among the great regions of the World in this decade. The manifest Western-Eastern division will suck up a lot of political, diplomatic and economic effort in the worst economic condition.

Posted by Dániel Antal