Brief Analysis of Fiscal Measures in a Time of Crisis

Different productive and financial innovations have historically played a key role in the origin of any economic crisis. The special feature of the present one is no doubt its magnitude. Many measures have been taken by various European Governments to tackle the crisis. All aim to curtail tax reliefs and raise taxes. Can these measures succeed in helping the various states to recover from the current economic situation? The present study critically examines the measures taken by Italy and Romania, and proposes some alternative measures.