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Aspects of the Current Fiscal - Budgetary Situation in Some Euro Area Countries. Implications for Romania

Acta Universitatis Danubius. Œconomica

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Title Aspects of the Current Fiscal - Budgetary Situation in Some Euro Area Countries. Implications for Romania
 
Creator Milea, Camelia; Financial and Monetary Research Centre „Victor Slavescu”,
Iordache, Floarea; Financial and Monetary Research Centre „Victor Slavescu”,
Criste, Adina; Financial and Monetary Research Centre „Victor Slavescu”,
Glod, Alina Georgeta; Financial and Monetary Research Centre „Victor Slavescu”,
Lupu, Iulia; Financial and Monetary Research Centre „Victor Slavescu”,
 
Subject economic global crisis; convergence criteria; European integration; economic stability
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Description The financial and economic global crisis has exacerbated some of the imbalances existent inall EU Member States, in particular the fiscal-budgetary imbalances. For some countries whosecurrency is euro, the fiscal and budgetary challenges seem to threaten even the stability of the euroarea. Thus, in the context of financial and economic global crisis, this article aims at identifying anumber of negative aspects of the fiscal-budgetary situation of some euro area countries, moreseriously affected (Greece, Italy, Portugal, Ireland, Spain) and at revealing a series of possibleimplications of this phenomenon for Romania, thus giving originality of the conducted analysis. Afulcrum in this approach is the economic literature and the authors’ research work in the field ofEuropean integration. Through a comparative approach, the authors have identified some weaknessesof the Romanian economy generated by the current situation of some euro area countries. Given theplace of the theme within the frame of present interest researches, the article’s results will be of interestfor both academics and practitioners.
 
Publisher Danubius University of Galati, Romania
 
Contributor —
 
Date 2011-08-02
 
Type —
 
Format application/pdf
 
Identifier http://journals.univ-danubius.ro/index.php/oeconomica/article/view/613
 
Source Acta Universitatis Danubius. Œconomica; Vol 6, No 2 (2010)
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.