The Social Sciences Division of the Institute of the University of Bucharest (ICUB) invites you on Friday, 11th of November, to a public seminar aiming to discuss budgetary policy with Simina Tănăsescu and Simona Gherghina. The event will take place at the Faculty of Sociology and Social Assistance (Panduri Campus, Șos. Panduri no. 90), Room 102 starting at 15:00.
Confronted with both the sovereign debt crisis and the demand for increased public expenditure, the Member States of the European Union urged to find solutions that are both feasible and adjustable to the variety of challenges faced by each individual economy. One of the solutions endorsed at European level, due to its predicted positive impact and its coherence with the existing common framework, is the balanced budget rule, perceived as key to maintaining sound and sustainable public finances and thus securing the stability of the euro area. Despite the apparent simplicity of this principle that had to be placed in the cornerstone of each national legal system, accompanied by a set of technical rules allowing for its application, the national efforts proved to be fairly complicated, followed by surprising effects.
Elena Simina TĂNĂSESCU is professor of constitutional law at the Law Faculty of the Bucharest University and director of the Centre for Constitutional Law and Political Institutions (www.cdcip.ro). She is member of the Group of Independent Experts on the European Charter of Local Self Government at the Council of Europe and in 2015 she has been appointed presidential advisor for the institutional and constitutional reform of Romania.
Simona GHERGHINA is professor with the Faculty of Law of the University of Bucharest, teaching Public Finance Law, Banking Law and Financing of Public Investment, and Director of the Master Programme of Public Procurement, Concessions and Public-Private Partnership.