IDEAS home Printed from https://ideas.repec.org/a/scm/ausvfe/v11y2011i2(14)p214-224.html
   My bibliography  Save this article

Implications Of Fiscal Consolidation In Eu On The Background Of Promoting Sustainable Economic Growth

Author

Listed:
  • Elena TOMA

    (Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, Romania)

  • Marius FRUNZA

    (Faculty of Economics and Business Administration, “Alexandru Ioan Cuza” University of Iasi, Romania)

Abstract

The process of fiscal consolidation, initiated at EU level, since the last decade are a necessity now, the situation is significantly deteriorating for most of the Member States, as a result there is the occurrence and manifestation of economic and financial crisis. Recovery and promote growth, the goal outlined in the new European strategy, is including among the influences or is affected by its implementation, as we show in our analysis. The implications of fiscal consolidation process related to a number of costs and limited, on the one hand, due to the current crisis, and on the other hand, the need rallying Member States wishes strategy pursued by the "Europe 2020". Against this background, our paper aims to highlight possible solutions to the remaining public authorities in implementation of fiscal consolidation. Also, a study compared the economic situation, the level and trend of budget deficit and public debt, in Member States of the European Union in 2007-2010, allowed us to identify and group the Member States according to the constraints on they are subject in the recovering of the situation of public finances.

Suggested Citation

  • Elena TOMA & Marius FRUNZA, 2011. "Implications Of Fiscal Consolidation In Eu On The Background Of Promoting Sustainable Economic Growth," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 11(2(14)), pages 214-224, December.
    • Handle: RePEc:scm:ausvfe:v:11:y:2011:i:2(14):p:214-224
    as

    Download full text from publisher

    File URL: http://www.seap.usv.ro/annals/arhiva/USVAEPA_VOL.11,NR.2(14),2011_fulltext.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scm:ausvfe:v:11:y:2011:i:2(14):p:214-224. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Liviu Scutariu (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.