The collapse of the Moldovan economy is the most politically embarrassing situation that the EU has faced in the East Partnership.

Moldova is one of the three states that signed an Association Agreement with the European Union in 2014 and was regarded its star pupil in terms of reforms. Monitoring apparently failed, transparency benchmarking failed, trust in pro-EU parties was often misplaced and, not least, a shady financial system allowed to thrive in the EU appears to be part of the proble...

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