Theoretical and Applied Economics
No. 8 / 2010 (549)
Public Debt Evolution in the Eurozone and the Need of Policy Coordination
Bucharest Academy of Economic Studies
Abstract. The Eurozone sustainability could become a real challenge in the current economical environment, characterized by uncertainty and lack of credibility. The issue of public debts represents a threat for the European financial system, while the coordination process of the economic policies at the Union's level is almost inexistent. The extremely high discrepancies between the budgetary balances of the member states makes the SGP or the strict fiscal rules become an utopia. The discretionary application and lack of credibility induced by SGP have worsened the perceptions on the economic system on European level, and the authorities' answer was not coherent enough, leaving room for interpretation by the Euro-skeptics.
Contents
Cost Drivers. Evolution and Benefits
Entrepreneurial Perceptions and Activity – Differences and Similarities in Four Eastern European Countries
Controversies Regarding the Corporate Tax Harmonization Trend in the European Union
The Effects of Tax Competition
Public Debt Evolution in the Eurozone and the Need of Policy Coordination
The Impact of Welfare State to Labour Market. European Submodels Differences
The Impact of the Culture on the International Negociations: An Analysis Based on Contextual Comparaisons
Model for the Analysis of the Company Performance