Euro is Dead, Long Live the Euro! On the Euro-economic Salvation of the EU
The crisis has revealed the vicious circle that the euro would have faced anyway, sometimes in the future. The reasons why some are condemning the euro are, in fact, the reasons why it should be saved. But saving the euro at all costs – “whatever it takes”, in the terms of Mario Draghi – would actually mean the failure of the common currency. If the euro won’t succeed in imposing the
Responsible Economic Policies and Sustainable Growth
The Romanian economy is currently facing a context circumscribed to 3 post-stages: post-transition, post-EU accession, and post-crisis. These open a “new beginning” from an economic and institutional point of view. In this respect, a new development model must give up at least several illusions: first, the illusion that prosperity can be built on economic deficits and public debt, or on
Public Governance Scan of Romania: OECD Report
In the past 26 years, the economy and the society suffered changes, evolutions, modernisation but, unfortunately, the public sector is the one that was probably reformed the least, and the arguments are not at all difficult to infer. In post-communist Romania there was no profound, systemic interest to assess and redesign public administration, from top to
“The Recent Economist”: Between Scientific Relativism and the Recourse to Ethics
In society’s evolution, ideas are the essential ferments of any change. There are no implacable laws of history and the future is not written in the stars or, to the “delight” of (macro) contemporary supporters of quantitative approaches, in the cyber-economic models that became the sterile fashion of economics journals – where exactly ‘economics’ is the endangered scientific
Consumption or Production? That Is the (Economic) Question
Happily, in economics one can’t have Hamletian dilemmas, as they are either inconsistent with respect to economic logic, or completely unproductive beyond it. When it comes to economic policies, in those rare cases where these policies are not redistributive, there exist two options, according to the way in which the government chooses to support economic recovery: by
