The current global economic crisis has generated debate in Europe regarding not only the future expansion of the EU, but the very viability of the European project itself. The discussion regarding the integration of the Balkans in the EU or NATO has been accompanied or even replaced by the question of whether the European project will in fact survive the general economic and social crisis that Europe faces today. While the Balkans still look towards Western European models and standards, Europe itself is suffering a crisis of political deadlock, economic decline, and an increasingly sharp ideological divide. Similarly, while Estonia has just entered the Euro club and Latvian, Lithuanian, Bulgarian and Romanian leaders talk about joining into the Euro zone, top world economists are at the same time predicting the end of the Euro as a currency sometime in the near future. The conference has two major goals. The first is to foster debate and academic discussion regarding contemporary problems facing the Balkan and Baltic regions during a period of severe global economic instability. These include the rise of extremist political groups with violent aims in the Baltics, the continued activity of Balkan-origin organized crime groups in Scandinavia, and the role that Baltic states may play in helping Western Balkan countries integrate politically and institutionally with the EU. The second aim of the conference is to foster cooperation and the creation of research networks between scholars from two geographical peripheries of Europe.