In June 2009, Romania’s public debts rose by 12.6% more than late last year, that is up to 123.61 billion Lei (29.4 billion Euros), meaning 23.27% of the gross domestic product originally estimated for this year. Foreign loans are not a new phenomenon. Yet, in the current economic context, it...

Participation in an integrating group results in a series of more or less big changes in the participating states. EU conditionality is essentially an institutional arrangement, a rule, a standard of behaviour that allows the connection among the benefits of belonging to a regional economic...