Alexandra, Ionescu; Gabriel, Horga Maria; Vasile, Horga - In: Ovidius University Annals, Economic Sciences Series X (2010) 2, pp. 364-368
Financial markets turmoil, the collapse of the U.S. housing market, Lehman Brothers’ bankruptcy, the lack of liquidity that followed, decreasing confidence of both population and private sector, have brought a severe financial crisis in mid 2007, which quickly turned into a economic recession....