Inscriere cercetatori

Premii Ad Astra

premii Ad Astra

Asociația Ad Astra a anunțat câștigătorii Premiilor Ad Astra 2022: Proiectul și-a propus identificarea și popularizarea modelelor de succes, a rezultatelor excepționale ale cercetătorilor români din țară și din afara ei.

Asociatia Ad Astra a cercetatorilor romani lanseaza BAZA DE DATE A CERCETATORILOR ROMANI DIN DIASPORA. Scopul acestei baze de date este aceea de a stimula colaborarea dintre cercetatorii romani de peste hotare dar si cu cercetatorii din Romania. Cercetatorii care doresc sa fie nominalizati in aceasta baza de date sunt rugati sa trimita un email la

The Impossible Trinity and the Prospects for an European Fiscal Union

Domenii publicaţii > Ştiinţe politice + Tipuri publicaţii > Articol în revistã ştiinţificã

Autori: Adrian Pop

Editorial: European Journal of Science and Theology, Volume 8, Supplement 1, June, p.65-73, 2012.


After reviewing some of the recent EU economic governance reform provisions, the paper discusses three main in-built vulnerabilities of the euro area: the absence of co-responsibility for public debt; the strict prohibition of monetary financing; and the vicious circle represented by the fact that states are individually responsible for rescuing banks in their jurisdictions, but banks are exposed to their own governments through their holding of debt securities – the so-called impossible trinity. The paper argues that although changing the European Central Bank’s mandate and building a banking federation could theoretically be contemplated, the only practical and feasible solution to the euro area crisis is the fiscal union. But the fiscal union still lacks a consensual blueprint and it would entail some form of a political union as well. With United Kingdom and the Czech Republic not agreeing to become parts of the fiscal compact, and a more self-confident but less European Germany, the prospects for such a solution based on euro solidarity and political will for deepening integration are uncertain.

Cuvinte cheie: Euro crisis, fiscal union, euro solidarity, political will