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Measures Applied At European Level In The Context Of The Current Crisis (Ii)

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  • Otilia MANTA

    (Athenaeum University, Bucharest, Romania)

  • Viorica NEACSU B.

    (University of Valahia Targoviste, Romania)

Abstract

The crises have been permanent on our planet, and their consequences have had an economic, financial, ecological, and societal impact. The current health crisis has caused simultaneous crises, namely an economic crisis, with a major economic slowdown, especially at the level of small and medium-sized enterprises at the European level. However, following the organizational, functional, and decisional way of the European Union, in this period full of major difficulties, the European decision-makers launched the Temporary Framework of the European Commission, which intervened at the level of the member states with concrete support measures, respectively through policy measures monetary and fiscal. Furthermore, the fiscal policy instruments used included adapting state aid rules to the exceptional circumstances caused by the coronavirus pandemic, to allow the Member States to support their savings through direct or indirect intervention. State aid could also be used in this period to remedy serious economic disturbances. Moreover, another effect of the health crisis was linked to the European education system, and the decision-makers of the moment changed the paradigm from the form of classical education to the form of digital education. In this article we intend to continue our scientific approach on this topic, highlighting some of the main measures applied by the European Member States, but especially to specify the directions of the education system in the current context, given that in any crisis the human factor has been and it’s the key in resolving crises, regardless of them.

Suggested Citation

  • Otilia MANTA & Viorica NEACSU B., 2020. "Measures Applied At European Level In The Context Of The Current Crisis (Ii)," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 58(2), pages 33-53, June.
  • Handle: RePEc:ath:journl:v:58:y:2020:i:2:p:33-53
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    References listed on IDEAS

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    1. Florian Dorn & Clemens Fuest & Marcell Göttert & Carla Krolage & Stefan Lautenbacher & Robert Lehmann & Sebastian Link & Sascha Möhrle & Andreas Peichl & Magnus Reif & Stefan Sauer & Marc Stöckli & Kl, 2020. "The Economic Costs of the Coronavirus Shutdown for Selected European Countries: A Scenario Calculation," EconPol Policy Brief 25, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    2. Dorine Boumans & Sebastian Link & Stefan Sauer, 2020. "Covid-19: The World Economy Needs a Lifeline – But Which One?," EconPol Policy Brief 27, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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    More about this item

    Keywords

    economy; education; finance;
    All these keywords.

    JEL classification:

    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • G40 - Financial Economics - - Behavioral Finance - - - General

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