The Paradoxes of the Financial Crisis Cover Image

Paradoxurile crizei financiare
The Paradoxes of the Financial Crisis

Author(s): Anca Ionaș
Subject(s): Supranational / Global Economy, Economic policy, International relations/trade, EU-Accession / EU-DEvelopment
Published by: Editura Militară
Keywords: Financial Crisis; Paradoxes; EU;

Summary/Abstract: Because of the world economic crisis, more and more EU member states tend to use protectionist measures in order to keep a satisfactory level of employment. A year ago, these states were known as supporters of a globalized and liberalized world trade. Faced with the crisis, the International Monetary Fond (IMF) proposed as a radical measure the adoption of the Euro even by the non-EU countries from Eastern Europe. But the European Central Bank and the Euro countries were against this proposal. The problem is that the financial aid given by EU states to their banks and private companies is sometimes going against the rules of the EU legislation regarding fair-competition in trade.

  • Issue Year: 2009
  • Issue No: 1-2
  • Page Range: 153-157
  • Page Count: 5
  • Language: Romanian