Growth and, late, failure of central planning is one of the most important events of the twentieth century. In late of '80, the limits of central planning became clear and after the fall of the Berlin Wall, former communist countries were engaged in a historical process of transition to market...

In order to overcome the economic crisis, Romania concluded in 2009 a stand-by agreement on 24 months with International Monetary Fund (IMF) in amount of 12.95 billion euros as part of an international financial package that includes other 5 billion by the facility of European Union for balance...