Susan L. Woodward

Peace in the Balkans depends on economic stability and prosperity for all. To overcome the legacies of failed economic reforms and ethnic strife, southeastern Europe needs nothing short of a European "New Deal." Sound money and free trade can take root in the Balkans only if the EU expands the euro and its trade arrangements to the region promptly, with no strings attached. But the EU's current approach, which attaches conditions to membership in its elite clubs, falls far short.