The article analyzes the requirement recently formulated by different parties of the accession process: the candidate countries should raise their wage level close to the average of the EU even before they join the union. The authors show that wage convergence, defined this way, has no...

The European Union (EU) failed repeatedly to hold Greece accountable for violations of the Treaties it signed over the past five decades. In particular, the EU not only did not express reservations in the face of these violations, but on two crucial occasions, in 1979 and again in 2000, it even...

Central and Eastern European EU Member States have made considerable progress in the economic transition and integration into the European Union. Nevertheless, the challenges of real convergence will remain relevant for these countries in the medium and long term. This paper focuses on the...

The severe crisis affecting European Monetary Union has emphasized the prevailing interests of national governments and the lack of political leadership of European institutions, not to mention the failure of eurozone governance in terms of effective crisis management. The present work argues...

In Romania the foreign direct investment had a delayed beginning in comparison with other former socialist countries. To this situation many factors contributed: the political, economical and legislative instability, the sometimes hostile authorities’ attitude a.s.o. Some of the changes from...

The European Monetary Union is characterized by a crisis of governance, this has become more evident with the crisis of the euro which has shown the weaknesses of the European institutions and stressed the heterogeneity of member countries. The global financial crisis struck the euro area very...

The sovereign debt crisis, which currently affects especially the European Union, challenges on the one side the actuality of hard borders and the reexamination of soft borders (Horga & Brie, 2008), and on the other side the need for the European Union to deal with an even more complex global...

This publication also contains the papers of the PhD Candidates, National School of Political and Administrative Studies, Bucharest, Romania, beneficiaries of the “Doctoral Scholarships for a Sustainable Society”, project co-financed by the European Union through the European Social Fund,...

As Romania has become on 1 January 2007 a member state of the European Union, it aims to access the Euro Zone, after it will have fulfilled the economical conditions; thus Romania will be completely integrated in the Economic and Monetary Union. Romania must accomplish more requirements and the...

The paper examines flows of foreign direct investment within the Baltic region. The author demonstrates close investment ties among the EU members, which are of special importance for Estonia, Latvia and Lithuania. Transborder corporate integration in the region is characterized by significant...