In this article it is investigated the subject of real convergence of Central and Eastern European countries on the basis of some theories and models used in the analysis of this process, also the effects of recent crisis upon convergence, the latest results of real convergence and the...

In this article it is investigated the subject of real convergence of Central and Eastern European countries on the basis of some theories and models used in the analysis of this process, also the effects of recent crisis upon convergence, the latest results of real convergence and the...

Financial crisis led to a sovereign debt crisis due to high deficits accumulated before the crisis and also due to large bail out programs for commercial banks. Besides the reform of EU economic governance, austerity policies were imposed at national level under Troika control, especially for...