By Beka Chedia
November 26, 2021, the CACI Analyst
On August 31, Georgian authorities announced that they declined a loan of 75 million Euros from the EU, since they already had sufficient resources and did not the assistance from the EU. This was preceded by a warning from the European Council President Charles Michel about the potential freezing of macro financial aid unless Georgia makes progress in democratic reforms. The Georgian authorities thus sent a tough political message to Brussels, objecting to Brussel’s interference in the country’s domestic political process. Due to the crisis in relations with the EU, Georgia faces a real danger of losing its European perspective.
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