Home Volumul 1 GREEK DEBT CRISIS AND ITS INFLUENCE ON ROMANIAN ECONOMY: A STUDY REGARDING POVERTY ISSUES IN BOTH COUNTRIES

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


Ana Maria Tuluc
Academy of Economic Studies, Faculty of Economics,
6, Piata Romana, district 1, 010374 Bucharest, Romania, This e-mail address is being protected from spambots. You need JavaScript enabled to view it
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 to
cut costs and boost their productivity growth. However, Greek debt crisis is rapidly
expanding over other European countries, threatening international prospects for economic
recovery. This paper addresses some major aspects of Greece’s economic crisis while
discussing the impact generated on Romanian economy. Based on the 2010 Eurobarometer
report, the article presents Greek consumers’ perceptions regarding the effects of the crisis
on their every day life. To explain the situation in Romania, the author organizes a survey
among Romanian consumers on the same theme. Comparing the results, the author presents
similar effects in both countries and proposes new directions of economic improvement.
Keywords: economic crisis, Greek debt crisis, poverty, social impact, Romanian economy.

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