Second chance or second hand

The European Council from 7-8th February 2013 reached an agreement on the EU Multiannual Financial Framework (MFF) for the period 2014-2020, the so-called financial perspective for the use of the European budget. In the new financial perspective, the EU Enlargement policy is seen as one of the most successful EU policies that brought peace, stability and prosperity to Europe. The Instrument for Pre-accession Assistance - popularly known as IPA - expires 31st December 2013 and it must be replaced by a new regulation if 1st January 2014 will mark the beginning of the use of IPA II. Within the period 2014-2020, the EU has envisaged an additional €11 billion for the purpose of assisting accedingcountries make the transition from candidate-countries to fully fledged EU Member-States. The name of the financial instrument remains the same – Instrument
for Pre-accession Assistance (IPA) II, although the instrument is supposed to be an improved version of IPA I based on the lessons learnt in the period 2007-2013.

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