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Aspects of Labor Market Trends and Social Implications in the European Union (Eu) in the Context of the Current Global Crisis - Case Study on Romania

Author

Listed:
  • Iordache, Floarea

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Milea, Camelia

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Glod, Alina Georgeta

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

Europe faces huge challenges such as the current economic and financial crisis, climate changes, sustainable development, energetic security etc. To meet these challenges, European Union (EU) needs some tools that are offered by Lisbon Treaty signed on December 13, 2007. This treaty guarantees, inter alia, that the EU will work towards sustainable development, based on balanced economic growth and price stability, on a highly competitive social market economy aiming at full employment and social progress. Also, the Treaty stresses that it will help to eradicate poverty. Currently, unemployment is one of the most serious problems in the EU, and also in Romania. The following article will present some aspects of the labor market developments and its social implications at EU level with special reference to our country in the context of the current global crisis.

Suggested Citation

  • Iordache, Floarea & Milea, Camelia & Glod, Alina Georgeta, 2010. "Aspects of Labor Market Trends and Social Implications in the European Union (Eu) in the Context of the Current Global Crisis - Case Study on Romania," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 14(2), pages 120-129.
  • Handle: RePEc:vls:finstu:v:14:y:2010:i:2:p:120-129
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    More about this item

    Keywords

    economic and financial crisis; employment; unemployment;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G01 - Financial Economics - - General - - - Financial Crises
    • I0 - Health, Education, and Welfare - - General

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