The Ukrainian crisis has shown that energy security in Central and Eastern Europe, particularly as regards the supply of natural gas, is not at all as certain as it seemed until recently.
The Brexit referendum has sent a shockwave through the European Union but the perspective of Brexit as a clean break with the EU might be rather far-fetched.
European banks have significantly strengthened their capitals thus capital shortfalls are no longer a problem. But there are other challenges.
The European Union needs institutional stability in a financial supervision, says Andrea Enria, Chairperson of the European Banking Authority.
The Balkans were once rightly called the "soft underbelly of Europe" now are being explored by capital from China.
The countries of Central and Southeast Europe have stopped narrowing the gap even with sluggish Western Europe as a result of slower productivity growth and lower capital accumulation in the Western Europe.
German research institutes provide conflicting data on the costs of the possible dissolution of the Schengen Agreement.
The unconventional monetary policy of the European Central Bank is failing to produce the expected result, i.e. an acceleration of economic growth in the euro area.
Some of the fastest growing CEE economies have also seen large fluctuations in GDP growth with adverse consequences on unemployment and migration
Thanks to economic growth, the banking sector in Central and Southeastern Europe is seeing profits. This is helped by the fact that in some countries banks have already dealt with restructuring bad loans.