ROMANIAN MACROECONOMIC STABILITY BETWEEN THE BALANCE OF PAYMENT ASSISTANCE AND THE EUROPEAN SEMESTER
Journal Title: CES Working Papers - Year 2012, Vol 4, Issue 3
Abstract
The first EU Alert Mechanism Report demonstrates the vulnerable macroeconomic external position of Romania, the current Romanian’s balance of payments reflecting a severe need of financing and capitalization. On the other hand, the 2007-2013 programming period potentially provided a significant amount of EU money for investments (around 29 billion euro) through Structural Funds. However, five years after the beginning of the current financial framework, the level of absorption remains extremely low. The paper focuses on the main Romanian macroeconomic imbalances (the current account balance,international investment position) and on the most important sources for financing investments and development - the EU financial structural instruments: ERDF and Cohesion Fund.
Authors and Affiliations
Dragan Dragan
Keywords
Related Articles
- EP ID EP92835
- DOI -
- Views 144
- Downloads 0
EASTERN EUROPE, A REGION OF INSECURITY IN THE EUROPEAN UNION'S VICINITY
During Cold War, the region of Eastern Europe was formed by European states that were behind the Iron Curtain.Once the communism has fallen and former Warsaw's Pact members have joined EU in 2004 and 2007 along with the...
THE AFTERMATH OF THE ECONOMIC CRISIS: HEALTHCARE SYSTEMS’ INEQUALITIES IN EUROPE
During an economic downturn the non-productive sectors (education, health, and social services) are the most exposed to sudden policy changes, as a result of austerity measures. This article aims to assess the impact of...
THE CURRENT STATE AND PROSPECTS OF ECONOMIC DEVELOPMENT IN THE EU’S EaP COUNTRIES
Economic development is one of the main aims of economic policy in many countries around the world. By strengthening the process of economic development, we can bring the state on the path of sustainable growth and...
THE ECONOMIC CRISIS AFFECTS THE COHESION POLICY AND SLOWS DOWN THE MIGRATION IN EUROPE
The economic crisis has made it difficult to achieve the key objectives of the European Union and the cohesion policy as a result of the increase in regional disparities. The main causes are the decrease of employment ra...
HOTEL MANAGERS’ PERCEPTIONS OF THE IMPACT OF SOME GLOBAL PHENOMENA ON TOURISM. CASE STUDY ROMANIA - ITALY
Tourism is very sensitive to events that could trouble what is normal from a natural, economic, political and social point of view in the tourists’ countries, in the countries they visit, and in the countries of transit....