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In this paper we assess the evolution of Romania’s economic convergence with the European Union (EU) and Euro area …, during the period 2000-2010. In order to determine the number of years required to reach the EU and Euro area average, we … been climbing the ladder in the process of catching-up with the EU and the Euro area until 2008 when, because of the …
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This study shows that the origins of the sovereign debt crisis within the euro area are to be found within the private sector and in economic policy mistakes rather than only in the profligacy of some national governments in the Southern periphery of Euroland. Sovereign debtors and their private...
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