Aspects of Labor Market Trends and Social Implications in the European Union (Eu) in the Context of the Current Global Crisis - Case Study on Romania

Europe faces huge challenges such as the current economic and financial crisis, climate changes, sustainable development, energetic security etc. To meet these challenges, European Union (EU) needs some tools that are offered by Lisbon Treaty signed on December 13, 2007. This treaty guarantees, inter alia, that the EU will work towards sustainable development, based on balanced economic growth and price stability, on a highly competitive social market economy aiming at full employment and social progress. Also, the Treaty stresses that it will help to eradicate poverty. Currently, unemployment is one of the most serious problems in the EU, and also in Romania. The following article will present some aspects of the labor market developments and its social implications at EU level with special reference to our country in the context of the current global crisis.