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EU says Georgia has to meet conditions before becoming membership candidate
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BRUSSELS (Reuters) – Georgia needs to meet certain conditions before it can be granted the status of European Union membership candidate, the European Commission said on Friday.
BRUSSELS (Reuters) – Georgia needs to meet certain conditions before it can be granted the status of European Union membership candidate, the European Commission said on Friday.
“It should be granted candidate status once a number of priorities have been addressed,” the Commission said in a statement.
“To succeed, the country must now come together politically, to design a clear path towards structural reform and the European Union – a path that concretely sets out the necessary reforms, brings on board civil society, and benefits from broad political support,” the president of the bloc’s executive, Ursula von der Leyen, told a news conference.
(Reporting by Sabine Siebold and Marine Strauss; Editing by John Chalmers)
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
Structural reforms are changes made to improve the economic framework of a country, often involving adjustments in policies, regulations, and institutions to enhance efficiency and growth.
Financial stability is a condition in which the financial system operates effectively, with institutions able to manage risks and maintain confidence, preventing crises and promoting economic growth.
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