Overview

This volume adds to the existing literature on the Great Recession and the variety of current troubles in the European Union by providing the views of someone who has been in the trenches at national and international levels and who has extensive policy and academic experience. Furthermore, it deals, inter alia, with issues of huge importance such as North-South and East-West cleavages in the EU, problems in the Eurozone, the diminishing resilience of systems, and the rise of a New Protectionism . The book voices concerns and dilemmas from the perspective of new EU Member States in a period of radical uncertainty and painful policy trade-offs. Its underlying paradigm is that markets are essential for entrepreneurship and economic dynamism, but that market failures and global finance can cause a lot of misery in society unless they are reined in. This volume will be of interest to all those looking for insights into the challenges that the EU, the Eurozone, and emerging European economies have faced during the past decade and on what may lie ahead. Its target audience is policy-making and business circles, academia, research outfits, and NGOs.

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9781527508811

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Reviews

Deep policy and practical understanding, strengthened by direct experience at the policy making level and a welcome critical yet constructive approach are the salient features of this book. Daianu's new volume offers a comprehensive and profound analysis of the complex policy issues and institutional transformations during the financial crisis in the industrialised world with a focus on the European Union and Romania. Professor Bruno DallagoUniversity of Trento, Italy [There] is a lot that is new, important and illuminating in Daianu's new book. The impact of the events of 2007-08 on all countries of the EU was not the same. Most of the ex-socialist countries were in the midst of a spurt of growth and expectation for a speedy narrowing of the gap between the new democracies and the old west. The Great Recession inflicted each of the ex-socialist member states with its own blows, and Daianu, as a member of the European Parliament has had the best observation posts to describe and analyse the events in these states and compare them to what has happened in the old EU of Western Europe. As a member in the policy drafting bodies in his native Romania, he has a particularly good perspective on the events in his own country and in the western Balkans as a whole. For anybody concerned with economic events and policies in Europe this book is a must. Professor Michael KerenHebrew University, Israel This book elaborates extensively on the outlook of European emerging economies in the changing global environment. As Daianu has extensive policy and academic experience at both national and international levels, his insights are a valuable contribution to the existing literature. Daniel Palotai, Magyar Nemzeti Bank, Journal of Economics and Management 33/3 (2018)

Deep policy and practical understanding, strengthened by direct experience at the policy making level and a welcome critical yet constructive approach are the salient features of this book. Daianu's new volume offers a comprehensive and profound analysis of the complex policy issues and institutional transformations during the financial crisis in the industrialised world with a focus on the European Union and Romania. Professor Bruno DallagoUniversity of Trento, Italy [There] is a lot that is new, important and illuminating in Daianu's new book. The impact of the events of 2007-08 on all countries of the EU was not the same. Most of the ex-socialist countries were in the midst of a spurt of growth and expectation for a speedy narrowing of the gap between the new democracies and the old west. The Great Recession inflicted each of the ex-socialist member states with its own blows, and Daianu, as a member of the European Parliament has had the best observation posts to describe and analyse the events in these states and compare them to what has happened in the old EU of Western Europe. As a member in the policy drafting bodies in his native Romania, he has a particularly good perspective on the events in his own country and in the western Balkans as a whole. For anybody concerned with economic events and policies in Europe this book is a must. Professor Michael KerenHebrew University, Israel

Author Information

Daniel Daianu is Professor of Economics at the National School of Political and Administrative Studies (SNSPA) in Bucharest and a Member of the Romanian Academy. He is a Member of the Board of the National Bank of Romania and was a Member of the EU High Level Group on Own Resources. He is the co-editor of The Crisis of the Eurozone and the Future of Europe (2014) and author of Which Way Goes Capitalism? (2009). His publications also include The Macroeconomics of EU Integration: The Case of Romania (2008); Balkan Reconstruction (2001); Transformation as A Real Process (1998); and Economic Vitality and Viability: A Dual Challenge for European Security (1996), among others. He previously served as First Deputy President of the Financial Supervision Authority (2013-2014), Member of the European Parliament (2007-2009), Finance Minister of Romania (1997-1998), Chief Economist of the National Bank of Romania (1992-1997), and Deputy Minister of Finance (1992).

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