Purpose – After a brief glance at the global labour market after the financial meltdown the paper aims to explain some general mechanisms of short-time work in Germany. Furthermore it seeks to present an overview of the costs of short-time work for the establishments with respect to the latest...

The current economic and financial crisis appeared without the anticipation of audit and control organizations, without objecting its manifestation or denouncing the practices that triggered it, that's why the limits and the potential were highlighted. To maximize the internal audit function, to...

The financial crisis that manifested itself in late 2007 resulted in a Europe-wide economic crisis by 2009. As the economic climate worsened, Governments and households were put under increased strain and more focus was placed on prioritising expenditures. Across European countries and their...

The first EU Alert Mechanism Report demonstrates the vulnerable macroeconomic external position of Romania, the current Romanian’s balance of payments reflecting a severe need of financing and capitalization. On the other hand, the 2007-2013 programming period potentially provided a...

Europe faces huge challenges such as the current economic and financial crisis, climate changes, sustainable development, energetic security etc. To meet these challenges, European Union (EU) needs some tools that are offered by Lisbon Treaty signed on December 13, 2007. This treaty guarantees,...

Unemployment represents one of the economic and social phenomena highly sensitive to changes in the dynamics and structure of the national economy. The impact of the financial crisis, triggered at the end of 2008, had dramatic consequences also on the Romanian economy, which was still fragile...

One of the famous and sarcastic "Laws of Murphy" says: "when things go too well, it means that something is wrong!" This happened until the years 2007-2008 – spectacular economic growth, some of which seemed highly unlikely – even if sometimes well-being seemed suspicious and somewhat...

The paper reviews the series of G-20 high-level meetings which brought about an increase in the international significance of this structure for cooperation between industrialized and emerging countries, hence enhancing the accountability of the latter in addressing global economic challenges....

Increased competitiveness through innovation at enterprise level, at national and European territory level has a key role in ensuring an economic sustainable growth. Competitiveness at European level depends on the national one and on that of the EU member countries. The current European context...