Can financial markets put pressure on a powerful country like France, the world’s eighth-largest economy? It is better not to test it. The UK has found that out several times. An analysis by Institut Montaigne found that promises made before the election by the leftist New Popular Front would increase France’s annual budget spending by €95 billion and the state finance deficit by 3.6 percent of GDP.

At the NATO summit in Madrid, the decision was finally made to agree to the accession of new members: Sweden and Finland. In recent weeks, the presidents of Croatia, Zoran Milanović, and Turkey, Recep Tayyip Erdoğan, have emerged as the biggest opponents of expanding the alliance to include the Nordic countries.

This story of bilateral cooperation between Turkey and Georgia gives an interesting example of how good will and understanding each others needs, despite of several historic and political differences in past, can create a high level of cooperation from which both sides can benefit politically and economically.

We are witnessing the EU’s declining normative influence in three levels: inner circle of membership, middle circle of prospective members and outer circle of neighbourhood, and is expressed in the primacy of hard core economics, the weaker promotion of democracy, the inefficient political conditionality and the gradual realisation that illiberalism is becoming a threatening part of several national competitive politics.