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GREEK DEBT CRISIS AND ITS INFLUENCE ON ROMANIAN ECONOMY: A STUDY REGARDING POVERTY ISSUES IN BOTH COUNTRIES

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Author(s): Ana Maria Tuluc

Journal: Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice
ISSN 1584-2339

Volume: 1;
Start page: 1;
Date: 2011;
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Keywords: economic crisis | Greek debt crisis | poverty | social impact | Romanian economy.

ABSTRACT
In Europe, Greece represents one of the most affected countries by the economic crisis.Greece officials are keenly aware of their debt situation and promise austerity measures tocut costs and boost their productivity growth. However, Greek debt crisis is rapidlyexpanding over other European countries, threatening international prospects for economicrecovery. This paper addresses some major aspects of Greece’s economic crisis whilediscussing the impact generated on Romanian economy. Based on the 2010 Eurobarometerreport, the article presents Greek consumers’ perceptions regarding the effects of the crisison their every day life. To explain the situation in Romania, the author organizes a surveyamong Romanian consumers on the same theme. Comparing the results, the author presentssimilar effects in both countries and proposes new directions of economic improvement.
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