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European Crisis' Effects Upon The Romanian Economy

Author

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  • Ionela Gavrila-Paven

Abstract

European Union is facing severe challenges from the financial crisis and the deep recession. The recession of the global economy affected the commercial and financial relations between European economies and between Europe and the rest of the world. European Commission has indicated how it intends to apply state aid rules to state support schemes and individual assistance for financial institutions; has provided guidance on the treatment of asset relief and impaired assets; and has presented proposals for establishing regulatory and supervisory standards for alternative investment fund managers. In this condition European Union has two major challenges: one to continue its Agenda on the integration phenomenon, and the other to apply measures to recover the crisis.

Suggested Citation

  • Ionela Gavrila-Paven, 2009. "European Crisis' Effects Upon The Romanian Economy," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-10.
    • Handle: RePEc:alu:journl:v:2:y:2009:i:11:p:10
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1120092/10.pdf
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    References listed on IDEAS

    as
    1. Vasile, Valentina, 2004. "Demographic Changes and Labour Market in Romania," Discussion Paper 212, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
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    More about this item

    Keywords

    financial crisis; recession; state aid rules; state support schemes; gross domestic product;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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