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Theoretical and Applied Economics
No. 6 / 2012 (571)

Post-crisis Economy of the European Union in the Global Context

Cristian IONESCU
Bucharest Academy of Economic Studies

Abstract. The recently economic crisis represents a new global economic turn. The question is whether, besides the necessary tools and actions to get out of the crisis, additional policies are needed on medium and long term to prevent a future crisis. In this essay I try to give some answers, integrating into the analysis both global and European levels, highlighting the necessary policies and their features in the Economic and Monetary Union and in the ex-socialist Central and Eastern countries, members of the European Union.

Keywords: solutions and strategies to the economic crisis; the micro and macro-prudential supervision and regulation; fiscal consolidation of the financial sector and the sustainability of the public finances; the new institutional framework of the European Union; the Warsaw Consensus.

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