EUROPEAN CRISIS’ EFFECTS UPON THE ROMANIAN ECONOMY
Journal Title: Annales Universitatis Apulensis series Oeconomica - Year 2009, Vol 11, Issue 2
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.
Authors and Affiliations
Ionela Gavrila-Paven
Keywords
Related Articles
- EP ID EP102602
- DOI -
- Views 87
- Downloads 0
AUDITOR LIABILITY IN PERIOD OF FINANCIAL CRISIS
This paper deals with issues of how to take on the responsibility of the auditor, especially in this time of crisis that hits the whole society. Significant role of financial auditor and the lies that the auditor is unab...
BALANCE CASH-FLOW MODELS FOR PUBLIC INSTITUTIONS - CLIENTS AND SUPPLIERS
According to position document no.11 “Economic and Monetary Union”, Romania has committed to report after the European System of Accounts ESA 95. The classification of public institutions is necessary to circumscibe the...
CRISIS REGULATION DEMAND
This paper argues and identifies in its previous part the main hallmarks of the crisis as too-big-to-fail institutions that took on too much risk, insolvency resulting from contagion and counterparty risk, the lack of re...
PATRIMONIAL RESOURCES MANAGEMENT AND THE ECONOMIC PERFORMANCE OF COMPANIES
Achieving high performance is a crucial objective aimed by the management of any company. The accurate and efficient economic resources management contributes decisively to improving performance. The paper presents an ec...
CASH ACCOUNTING STANDARDIZATION IN THE PUBLIC SECTOR
An important component of public institutions’ accounting is represented by cash accounting. At the same time, the normalization, harmonization and convergence of accounting are the chronological stages generated by glob...