The Impact of the Global Crisis on the European Labour Market. Case Study: the Labour Markets of Spain and Romania

The paper deals with a comparative analysis of the labour markets in Spain and Romania, countries which are powerfully connected under the migratory stream. The first part of the analysis is connected to the Spanish economic environment which was able to support a high labour demand until 2008. The second step is to present the situation of the Romanian labour market under present crisis. A distinct part of the paper deals with the European balancing labour market prospects, including Spain and Romania. The main conclusion of the paper is that the labour market is far away to find the equilibrium. Moreover, its situation in Romania is worst. The analysis and its conclusions are supported by neutral statistical databases, tables and pertinent diagrams.