The Banking Union was Eurozone’s response to the financial crisis of 2010. It became apparent to the Eurozone countries that the stability of the banking sector is paramount to the well-being of the economy and the society, and that national… Read moreWhy Romania should enter the Banking Union even without adopting the Euro
For the last three decades, Romania has enjoyed unprecedented growth. Since 1987, the country has increased its GDP by a staggering amount of $200 billion. Its main trade partners include Germany, Italy and France and its main trade exports are… Read moreIs the pandemic revealing Romania’s potential to become an EU supply chain superhub?
Ten years after the credit crisis, the European Union demonstrates that it has learned very little on how to unite and decisively take pan-EU measures to tackle crisis and support recovery. A series of long negotiations between the major economies… Read moreWhy the most significant macroeconomic risk is not the upcoming recession, but the collapse of the Euro and the European Union
A global black swan is not an ordinary crisis. You can only avoid the shock of a global lockdown by providing a lifeline to the system until the system operates again and the intervention needs to be substantial, immediate and… Read moreWhy Romanian economic recovery requires helicopter money to individuals