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The Real Convergence Is Not a Caprice (Romania and the Euro Area) [Convergenţa reală nu este un moft (România şi Euroaria)]

Author

Listed:
  • Dăianu Daniel

    (Societatea Română de Economie (SOREC))

Abstract

The Euro Area crisis has not passed and is not limited to public and private indebtedness. Otmar Issing, former chief economist of the European Central Bank, reiterated in Bucharest this April that the Euro Area started on one leg (the monetary policy) and that it lacks appropriate fiscal arrangements. He is not the only prominent voice who made this observation.

Suggested Citation

  • Dăianu Daniel, 2015. "The Real Convergence Is Not a Caprice (Romania and the Euro Area) [Convergenţa reală nu este un moft (România şi Euroaria)]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 04, December.
  • Handle: RePEc:oen:econom:y:2015:i:04:id:441
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    More about this item

    Keywords

    European Union; euro area; EMU; convergence;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions

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