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NEW MULTIANUAL FINANCIAL FRAMEWORK: PRIORITIES FOR THE EUROPEAN UNION, PRIORITIES FOR ROMANIA

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Author(s): ROXANA-DANIELA PAUN

Journal: Challenges of the Knowledge Society
ISSN 2068-7796

Volume: 3;
Issue: -;
Start page: 355;
Date: 2013;
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Keywords: Multiannual Financial Framework | budget deficit and current account deficit | fiscal capacity of the Euro area | the budget of the European Union.

ABSTRACT
This article proposes a brief foray into the situation of the European economy, but especially of the banking system of the Member States affected differently by the current world economic crisis, or recession, but especially for a detailed analysis of the New Multiannual Financial Framework for the period 2014-2020, with the priorities which appear to be distinct for the EU and for Romania. After a comparative analysis of European regulations on the agreements of the previous financial negotiated for the period 2014-2020, and Delors I (1988-1992), Delors II (1993-1999), the Agenda 2000 (2000-2006) and multiannual financial framework (2007- 2013) and ultimately the provisions of the Treaty of Lisbon (which convert multiannual financial framework in an essential act from a legal point of view); express personal opinions on Romania’s priorities and on the challenges and perspectives in the actual European and global context.

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