The impact of the world financial crisis on the fulfilment of the convergence criteria
The impact of the world financial crisis on the fulfilment of the convergence criteria
Author(s): Roxana Maria PÎRVUSubject(s): Evaluation research, EU-Accession / EU-DEvelopment, Financial Markets
Published by: Editura Universitaria Craiova
Keywords: convergence criteria; budget deficit; public debt; inflation; interest rate;
Summary/Abstract: This paper presents the way in which the international financial crisis has affected the EU Member States. The levels of the public debts are pointed out and also the levels of the budgetary deficit, but also the measures taken by the authorities in order to improve the economies. In consequence, the eight countries left in the Euro competition will have to reduce the budgetary deficit below 3% and to maintain it for the EU to analyse the other indicators which might lead to delays in the Europe adoption program.
Journal: Revista de Științe Politice. Revue des Sciences Politiques
- Issue Year: 2011
- Issue No: 32
- Page Range: 87-103
- Page Count: 17
- Language: English