Financial and Economic Crisis during Current Economic Restructuring

Cyclical evolution represents a reality of any contemporary economy. In the same time, each phase of a cycle is a characteristic of a particular state of economy, performs a specific function in its overall evolution, so that, by restructuring components, the whole economy is reformed. In the opinion of Romanian economists, the current economic and financial crisis appears to be unprecedented over the last century. A massive decline in confidence, both in the business sector and for consumers, both responding by restricting spending, is in full swing. Challenges triggered by the crisis are multiple.