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The European Funds – An Anti-Crisis Measure At The Moment


  • Daniela Florescu

    (M.A.I. – A.N.R.S.C.)


The European funds do not represent an inward purpose, but instruments in reaching the objectives established at the level of the European Union, of the EU member state, based on the implementation documents. The access to Social and Cohesion Funds offers Romania a possibility to develop the regions which are lagging behind, to modernize transport and environment infrastructure, to support rural development, to create new employment opportunities, to sustain social policies which will lead to the growth of the standard of life. The non-reimbursable structural assistance is more the support replaces an important part of the financial effort that should be done by a state on its own, the more helpful and precious is. This research work displays diverse aspects concerning the implementation modalities of irredeemable funds. Furthermore, the existence of a strong institutional structure was absolutely necessary, capable to ensure the formulation and application of public policies, to keep the coordination processes inside ministries going, the implementation of national programs, increasing the application capacity of partnerships between local administrations.

Suggested Citation

  • Daniela Florescu, 2009. "The European Funds – An Anti-Crisis Measure At The Moment," Romanian Economic Business Review, Romanian-American University, vol. 4(3), pages 103-110, September.
  • Handle: RePEc:rau:journl:v:4:y:2009:i:3:p:103-110

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    References listed on IDEAS

    1. Reinhart, Carmen M. & Rogoff, Kenneth S., 2013. "Banking crises: An equal opportunity menace," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4557-4573.
    2. Naude, Wim, 2009. "The Financial Crisis of 2008 and the Developing Countries," WIDER Working Paper Series WIDER Discussion Paper 20, World Institute for Development Economic Research (UNU-WIDER).
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