The Crisis of the Sovereign Debt - Interdependencies, Responsibilities and Risks

EIRP Proceedings. 2015;10(1):318-324

 

Journal Homepage

Journal Title: EIRP Proceedings

ISSN: 2067-9211 (Print); 2069-9344 (Online)

Publisher: Danubius University

Society/Institution: Danubius University

LCC Subject Category: Political science: Political science (General)

Country of publisher: Romania

Language of fulltext: French, English

Full-text formats available: PDF

 

AUTHORS

Georgeta Dragomir (Danubius University of Galati)
Mariana Trandafir (Danubius University of Galati)

EDITORIAL INFORMATION

Blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 8 weeks

 

Abstract | Full Text

The increase of government debt continues and maintains the financial crisis as an additional risk factor at national, regional or global level. The causes which lead to the raise of the national debt can be found in the effects of a major crisis but, in turn, this phenomenon feeds imbalances generating economic and financial crisis. The importance of this topic is defined by its magnitude and dynamics, in the long-term effects on the economy, finances, policies and, ultimately, on the completeness of a state. Solutions are available to the national public authorities in the context of regional policy, but they are circumscribed also to the imperatives imposed by the international lenders. Not infrequently, their efficiency was affected by subjective factors, along with the lack of preventive actions or of proper long-term vision. There have been made references to the analysis of international bodies or financial authorities, at authors dedicated to this complex problem. As method of approach we have used the bibliographic study, processing and analysis of data, and previous researches. The results are the analysis and explanation of specific developments of sovereign debt crisis, of interactions, highlighting the effects and solutions. The research is an important basis for specialists, public authorities and academics. As value, the work is a synthesis and a comparative analysis so as to identify trends, responsibilities and solutions.