Implicatiile crizei financiare asupra adoptarii euro, in conditiile convergentei economice. Cazul Romaniei

An overview of the crisis manifested in Romania, but also in other European countries, proves multiple repercussions of a flawed and lacking of prudence lending policy. The complex mechanism of indebtedness propagation by multiple channels, including those financialisated, affected also borrowers, lenders and financial intermediaries, with visible and less predictable implications on the economy, prior to the crisis outset. In these circumstances, the economic convergence process of the implicated countries consisted of tough requirements limiting the internal imbalances or asymmetries. In the following, we detail the specific situation of our country, Romania.