Publication

This paper concentrates on possible EU measures for stabilizing the global economy, namely an effort of the EU to contain emerging markets' volatility and the development of a coherent EU strategy for the use of its economic instruments in the Middle East. The author explains that, so far, the attitude of the EU has been one of complete passivity. Since there is no direct EU competence involved, the issue is left to individual member states which act according to their own perceived, national interests.