EUROPEAN CRISISâ€™ EFFECTS UPON THE ROMANIAN ECONOMY Ionela Gavrila-Paven, â€œ1 Decembrie 1918 Universityâ€ Alba Iulia
AbstractEuropean Union is facing severe challenges from the financial crisis andthe deep recession. The recession of the global economy affected the commercial andfinancial relations between European economies and between Europe and the rest of theworld. European Commission has indicated how it intends to apply state aid rules tostate support schemes and individual assistance for financial institutions; has providedguidance on the treatment of asset relief and impaired assets; and has presentedproposals for establishing regulatory and supervisory standards for alternativeinvestment fund managers. In this condition European Union has two major challenges:one to continue its Agenda on the integration phenomenon, and the other to applymeasures to recover the crisis.
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Bibliographic InfoArticle provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.
Volume (Year): 2 (2009)
Issue (Month): 11 ()
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financial crisis; recession; state aid rules; state support schemes; gross domesticproduct;
Find related papers by JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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- Vasile, Valentina, 2004. "Demographic Changes and Labour Market in Romania," Discussion Paper 212, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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