is a Romanian economist. In the 1990s, he was the Finance Minister of Romania and the Chief Economist of the Romanian National Bank. He is also a former MEP (2007-2009) and a professor of public finance at the National School of Political Studies and Public Administration (SNSPA) in Bucharest. He has taught at Berkeley, UCLA, Ann Arbor, and Bologna University. He is an associate member of the Romanian Academy.Daianu has taken a strong position against financial institutions receiving state support to withstand the financial crisis, while at the same time speculating against eastern European currencies with disastrous effects on emerging economies in the region. In the European Parliament he was a rapporteur for the reform of the regulation and supervision of financial markets. His latest book is Which way goes capitalism? (New York/Budapest, CEU Press, 2009). With Radu Vranceanu he co-edited Ethical Boundaries of Capitalism (Aldershot, Ashgate, 2005). His columns are published by, among others, European Voice, Southeast European Times, Ziarul Financiar and Piata Financiara.
When high finance cripples the economy and corrodes democracy
The current financial crisis is not confined to economies, writes former Romanian finance minister Daniel Daianu. The erosion of the middle class, the spread of extremism and the threat to democracy are some of the more obvious social effects demanding attention. [more]
A new-old East-West divide?
The aggressive monetary policies of western financial institutions were a major factor for the crisis of eastern European economies after the bubble burst in 2008. What are the ethical and political implications of western investment in eastern Europe and the globalized economy as a whole? [more]
The Romanian MEP criticizes neoliberal development policies divorced from "concrete local conditions" and instead pleads for market reforms that, while stimulating growth in poorer countries, are implemented "pragmatically". [more]