please check out our website for all your latest business and news headlines that. com, or you can call us on social media or a handle is of course, at the w news. i'm here until berlin. you very much for joining us. the, you'll see about the video that goes enabled other data media and legal law. give a lot of it done by get. i will stop into that and i'll give you the order. would you be able to order it up? joe made any a dog color and key more people than the eval on worldwide in search of a job. you ever use man to dictate t method. the only like godaddy, how do you get find out about on the story? and so my friends, one of over 200 bucks, kids across poland meant to shield the country from ukrainian products. farmers here on a collision course, this expansion of the european union about this the

because the idea new membership offers economic opportunities to millions. we know exactly what they want. we want to be part of you. more and more people in new states are in favor of letting new countries join the club. and you officially have some pledging to make it happen. completing our union is the call of history. it is the natural horizon, i'll say your opinion, but the countries in line to enter are poorer than those already in the us. and some europeans worry that enlargement will straighten their livelihoods. we must probably go for the bankruptcy. in this episode, we will look at what it means for us citizens to join one of the world's biggest economy. i think that that will do that and give us more legitimacy. we will assess the cost of enlarging to work with talking peanuts,

frankly speaking. and we will ask him to you a forge to grow. that's all coming up on business beyond. for more than a decade, the new seems like a close club with a line of members waiting to get in turnkey became a new membership candidate in 1999 in 2018. that's succession process was suspended . but that's a story for another episode. in 2005 north macedonia, joined the que montenegro, follow to 2010 serbia, and 2012. and now pena in 2014. for a country to join the u, it must feel, feel certain criteria like being a democracy, respecting the rule of law and human rights, and having a functioning market economy. for the past 20 years, reforms of the candidates have been slow and the use montrose was n t enlargement. this is the former president of the european commission, john crew. jim kirk, this is for miss jones, impala minutes,

months out. this bill that's kind of knowing these, these are given budget by touch to doing this a few to them. when russia invaded ukraine in 2022, all that changed the war catapulted you expansion to the top of the agenda in 2004, poland. farmers joined the ranks of the biggest food producers in the u. u. crane enters the union. that role is under threats because you cranes, industrial farms dwarf europe and one's lucas is a green and pink farmer. i asked him, what would happen if you train were to join that you any time soon? we must probably go for the bankruptcy. i think um, because it would be easily filled up. the uh, all of the much cheaper. uh, products from uh the okay. what's the health of you innovation funds? lucas invest in new technology for us. produce your opinion. we have incredibly

high standards of for production. we've had a follow up documentation tracking pro, being for $3.00 site uh, services. we could fight the system to measure every move month till february peak, or every upholstery ukraine were to join the european union. it would likely get the biggest chunk of its agriculture budget. at the same time, farms like this one and poland would lose out on subsidies the. but it's not just the subsidies lucas where he's about, he thinks, opening the use borders to ukraine before it meets europe in food production standards is foul play. like we have the football match at the okay. uh like one thing is not getting the rep costs or yellow carts. yes. for for uh, for what they doing because of the war. yes. and uh, and it's sure to do which should be managed by governance and government of your opinion. back in warsaw, tom mostly wants to be of the polish economic institute is more optimistic. for

example, uh, price uh, farmers quotes, try to produce more complex products. so they can try to move up on the leather of value chain production. and so to try to seek opportunities, for example, in buying some roll basic commodities from ukraine to work on them here and sold them with the some of the marketing of your game. we're taking a detailed look at the economics of ukraine joining. but what about the other cabinet of the western balkans? most countries in this region after you candidates for over a decade, north macedonia, even for to creeping reforms in the region by lateral disputes between new countries and candidates and slow reactions from brussels stalled enlargement process. but here the economic story is a different one. the cost of admitting the western balkans would be significantly smaller. the take basically to 6 western book and countries. um,

georgia and most of us have them all out to get a we demographic we speaking, we're talking about more or less the same size of the united kingdom. we're talking peanuts frank, speaking peanuts for the you. but let's look at what it means for canada. countries to join one of the world's biggest economies, montenegro psychiatric for the to head, the q. it's a joining the you and that's this market on top of it. so it kinda seems like it's already a member. since 2002 montenegrins has been paying was euro for the country with a population of 630000. europe's currency offers a guarantee of stability. but new membership doesn't only promise abstract macro economic benefits. it would also be felt increasingly yes, not pivots found as an online learning start up in montenegro is capital for her being and you citizen would be transformative. i think that that would be,

that give us like more legitimacy on the one side and on the other side, like back to brand perceptions. being part of the you would be a stamp of approval for international investors. and another thing is like, oh, we never did the business of it uh, at least a month and negative. we don't know how to do this sort of payment options. what that a lot, i'm licensed and for them i have them. but if we have talked a funeral pin union, would it be different and for many of them, they said that would be different because they know about it. okay. yeah, it's nice by far, not the only montenegrin with high hopes for you membership. 80 percent of the population wants to be part of the union citizens and the western balkans are and on average just 14 percent of their european neighbors. at this moment, we are around 45 to 48 percent of leaving some the confess to you companies, and that's the big 3 in succession boss converging in the

video films, we believe we extend the mueller crystal, it has been following montenegro progress towards new membership. closely, she says the biggest cost of accession won't fly with you. it's not the question of the costs costs on mainly costs of local communities because it's not to brussels questions, how will converge to them or how we will so so little it's all jobs. it's our accountability, it's how it is specific to the road to and you. membership has been long from montenegro, was much still to be gained higher living standards, a bigger customer market and more international appeal. many people in montenegro hopes that new membership would bring about an economic boost monitoring macros government aims to join the block by 2028 experts. one that goes unrealistic. so far the us only approved a fraction of bunch. and that grows,

reforms sometimes leads that is don't know exactly what they want. we know exactly what they want. we want to be part of you a basis as soon as possible and look in montenegro unveils a paradox. economically, the western balkans could be embraced by the single market and lift the living standards of millions, admitting the countries as much cheaper than admitting ukraine. but the region, the succession process has dragged on while you cranes has well meant them behind it. that's because the question of whether the you can afford to expand is about much more than just money from the put your should we usually, i should be putting in a blogs, you able to give them as much money. do you think you can as long as should the key is e mail you have shown when they cannot, multiple studies position is being part of the new comes with

a mutual defense guarantee. so attacking a member state is more costly. it's part of the rationale driving ukraine's push towards europe to a degree in research. as you enlargement obvious reasons. um the us now seeing enlargement as a security and instrument so that you want so not for security reasons. and the budget is part of the discussions. um, but it might not necessarily be the deciding factor in that was an armed conflict raging on its borders. perhaps the better question is no longer whether the you can afford to expand, but whether it can afford not to. so they're all good to be economic costs, but the argument is that those economic costs are what undertaking, given that the strategic upside of doing is overall. the downside of not doing it is, is halting, right. lottie, mutants, land grab,

has pushed you leaders to reevaluate the importance of expansion. so in the sense, enlargement was revised because it was a george, he lost it, which is tied to eastern europe. and the challenge to those that believe in, in large memo brovio, and that's also the focus on it. i mean, the question is how do we tagged on to that moment? what also remains to be seen is whether the warren ukraine creates enough momentum for you. members to put their money where their mouth is, where does that extra money come from? actually, that is also an open question. um, it is possible that it comes from the cult member states. um, it is also possible that the you raise this its own money through new own resources . there are discussions at the moment, for example, slip plastic tax or for with the new a common adjusted adjustment mechanisms. the question of whether that you can

afford to expand or not as a matter of perspective. and many of the costs can only be estimated for now. but look at the past, the large man's rounds can offer some lessons on the benefits of letting new countries joined in poland, initial costs for the u. a translated into an economic boom for the country, and that boom helps member states to one pond. joining the european union and european colon markets a few years ago, we started read the they nomics and profound transformation of bodies economy. i think what, what we kind of polished is that of course, these are poor countries that went into the e u. at the same time, it comes with benefits for the internal market, which becomes a big got. it comes with benefit, the cost of work for us becomes larger, and there is another lesson to be learned from the past. any budget we shuffle to new members doesn't happen over night. during the last enlargement around new

member states only received a fraction of their agriculture funding initially. then the funding was increased in phases. b, u actually has a reputation mechanisms to ensure that the fluctuations of what member states receive and pay in is not too high. and the also has a dictation mechanisms to do with enlargement which was that or it. so they are the, the extra costs on not immediately, very, very big. at the beginning of this episode, we asked whether the you can afford to expend. what's clear is that in the large man's wave would mean a drastic economic re shuffle. for some in europe society, that change would be solved concrete least. do i end up using positive budget? well mostly yes. you do. my view of this is unavailable scenario and it's a totally maurice 3. this is positive scenario because when you are on that by

every to means you're a reach level of and uh, concert with a strong economy. at the same time, living in new countries, springs, economic opportunities to millions of people. and that's the big 3. the accession boss converging in the problems, we believe expand of the experts we spoke to emphasize that when it comes to enlargement affordability is also a question of political will. so they're all going to be economic costs. and the argument is that those economic costs, well, i'm just taking a given that the strategic upside of doing it overall. the downside of not doing it is, is often the question that remains is there enough momentum in europe and large mon plans to move member states to from the bill? if you have the time, please fill in the survey on the on screen link or in the description. thanks for

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