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Romania is Suffocating from Economic Point of View

Author

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  • Negoescu Gheorghe

    ("Ovidius" University of Constanþa, Faculty of Economic Science)

Abstract

Continously recording budget deficit after 1989 led to a continuing destabilization of the economic situation in Romania. Currently, Romania has become in a chronic condition when must borrow money every month to cover the budget deficit for the payment of pensions, wages and investment part. If there is no growth or is insignificant growth of 0.5 to 1.5%, Romania entered into an inflation spiral that does not allow growth even if they provide money for investment. There are several solutions: stimulating investment which creates jobs, the use of European structural funds, promote savings widespread population while developing entrepreneurial skills and financial knowledge to a mass at least as high as 60-80% of the population .

Suggested Citation

  • Negoescu Gheorghe, 2011. "Romania is Suffocating from Economic Point of View," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 911-914, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:911-914
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/volum2011p2.pdf
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    More about this item

    Keywords

    investor; employee; economy; crisis; promotion;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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