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Possible Directions Of European Union Economic Governance During The Present Period

Author

Listed:
  • Ailinca, Alina Georgeta

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

  • Iordache, Floarea

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

Abstract

Although it is an insufficiently defined concept, the economic governance seems to play an extremely important role both for the future of the European continent, and for all the countries of the world. The current economic and financial crisis revealed numerous difficulties of the current governance system at the local, national, regional and global level, accelerating the decision-making process to find the best solutions correcting the weaknesses and problems that appeared. Recently, the major problem of the economic governance at the European Union level materialized in the crisis of the sovereign debts, which paradoxically, manifested preponderantly in the peripheral countries of the euro zone, and less outside it. Thus, in this article we will try to show some alternatives or directions of the European economic governance outlining the best way to be taken by the countries candidate to the euro zone, particularly by Romania.

Suggested Citation

  • Ailinca, Alina Georgeta & Iordache, Floarea, 2011. "Possible Directions Of European Union Economic Governance During The Present Period," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 15(2), pages 139-147.
  • Handle: RePEc:vls:finstu:v:15:y:2011:i:2:p:139-147
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    Keywords

    crisis; public policies; economic governance; deficits and public debt; euro area;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • G01 - Financial Economics - - General - - - Financial Crises
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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