European Dynamics Influence On World Crisis
Main aspect of the European economy is the one marked by the first stage of evolution of the global financial crisis. The main current problem for both the EU and each member state is making the calculation and analysis of complex issues arising from international economic crisis, towards identifying ways and tools useful for prevention or mitigation. Reform of EU budget in 2008/2009 is a key element within the period of European construction and its effects will be visible in the next financial perspective from 2014. Naturally, the return will not be uniform in all 27 Member States and will depend on financial and economic particularities of each country and meteorological factors. However, the Commission believes that EU economic recession ended in the third quarter of 2009, largely due to the exceptional measures for crisis imposed under the European economic recovery. Actual return will be more slowly, given the size and strength of the recession. Overall EU unemployment rate is approaching 10% in 2010 - a rate lower than anticipated - and the budget deficit is almost reaching 7.25% of GDP in 2010. Less optimistic news concerning - among others - employment of working force will continue to decline by about 1% this year and will begin to rise than in 2011. Consumption also has not completely recovered. Although increases least, inflation is under control, partly due to wage stagnation.
Volume (Year): 10 (2010)
Issue (Month): 2(12) (December)
|Contact details of provider:|| Postal: |
Phone: +40 230 522978
Fax: +40 230 216147
Web page: http://www.seap.usv.roEmail:
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:scm:ausvfe:v:10:y:2010:i:2(12):p:30-38. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Liviu Scutariu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.