POSSIBLE DIRECTIONS OF EUROPEAN UNION ECONOMIC GOVERNANCE DURING THE PRESENT PERIOD

Alina Ailincă () and Floarea Iordache
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Floarea Iordache: Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy

Studii Financiare (Financial Studies), 2011, vol. 15, issue 2, 139-147

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.

Keywords: crisis; public policies; economic governance; deficits and public debt; euro area (search for similar items in EconPapers)
JEL-codes: E42 E44 E6 G01 H63 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:vls:finstu:v:15:y:2011:i:2:p:139-147

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