Criza economică mondială şi repercusiunile acesteia asupra managementului finanţelor publice în Uniunea Europeană

Abstract

The article emphasizes on the situation of public finances in the European Union. The main indicator of the public finances crisis of EU is the increase of the external debts of some EU member-states and the enormous increase of the budget deficit as GDP ratio. This situation raises the question of emphasizing the role of the state in the economic regulation, a concept promoted by J.K.Keynes at the beginning of the XX century. Another issue, which appears in the conditions of the public finances crisis, is that of money value. Real money should have real coverage, presupposing that this coverage may be, for example, gold. In such conditions, the economists appeal more often to the economic doctrines, which dominated the economic thinking in the XVIII-XX centuries. Serious impediments in the economic development are the offshore zones, in which the large capitals of the world are concentrated. The increases of budget deficits and of public debts deepen the public finances crisis. Though radical measures have been taken to diminish them, the budgetary equilibrium does not essentially determine the macroeconomic stability. It is necessary for the state to regulate all economic processes.