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Why is this financial crisis occurring? | Managing Diversity For a Growing Europe: a Romanian view on the EU budgetary review process | Disinflation and Inflation Targeting in Romania | The Monetary Union: The Decade Ahead. The Case of Non-Member States |
Authors: Daniel Daianu, Laurian Lungu
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Abstracts
What are the prospects for New Member States to join the euro-zone in the not too distant future? They seem to be in a catch-22 situation Because of the current financial crisis some Maastricht criteria would be more difficult to fulfil in the short and medium term, which would make it hard for them to join the eurozone. But there is also an argument, which highlight benefits of a faster accession due to dynamic effects for the countries involved and for the eurozone as a whole.
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On the 22th of May 2008, « Le Monde » published a joint letter signed by three former presidents of the European Commission, ten former prime ministers and five former ministers of finance. Initiated by Michel Rocard, Poul Nyrup Rasmussen and Daniel Dăianu, the letter expresses the signatories' concern about the current financial crisis and its effect on world economy.
Daniel Daianu's most recent book "The macroeconomics of EU integration.The case of Romania" has been published.
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