The European leaders adopted a series of measures so that the Euro zone could come out of the crisis. This study demonstrates that the fiscal Treaty, as the other solutions proposed by the European leaders, represents necessary conditions, which are far from being sufficient to surpass the...

In essence, the main cause of poverty and the impossibility to reach a certain life standard derive from lack of income. Discussing the poverty phenomenon implies the delimitation of the population from the point of view of territoriality and from the point of view of an acceptable life...

The Fiscal Compact has created new responsibilities in terms of quantitative measures of excess demand in the economy. The concept of structural budget balance is dependent on cycle values. As a consequence one of the primary responsibilities of economics is to build a good indicator of the...