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Poor and under pressure- the social impact of Europe's fiscal consolidation

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  • Zsolt Darvas
  • Olga Tschekassin

Abstract

Europe faces major challenges related to poverty, unemployment and polarisation between the south and the north, which impact adversely the current living conditions of many citizens, and also negatively impact medium- and long-term economic growth. Fiscal consolidation exaggerated social hardship. In vulnerable countries there was no alternative to fiscal consolidation, but in most EU countries and at aggregate EU level, consolidation was premature when the cyclical position of the economy...

Suggested Citation

  • Zsolt Darvas & Olga Tschekassin, 2015. "Poor and under pressure- the social impact of Europe's fiscal consolidation," Policy Contributions 877, Bruegel.
    • Handle: RePEc:bre:polcon:877
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    Cited by:

    1. Zsolt Darvas, 2019. "Why is it So Hard to Reach the EU’s Poverty Target?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 1081-1105, February.
    2. Jean-Claude Barbier & Arnaud Lechevalier, 2015. "La crise de la zone Euro : quels enseignements pour l’Europe sociale ?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01254229, HAL.
    3. Tóth G., Csaba, 2017. "A nemzeti költségvetési szabályok elterjedése és hatása Európában [The spread of national fiscal rules and their effect in Europe]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(11), pages 1119-1147.
    4. Arnaud Lechevalier & Jan Wielgohs, 2015. "Social Europe: A Dead End," Post-Print halshs-03781863, HAL.
    5. Jean-Claude Barbier & Arnaud Lechevalier, 2015. "La crise de la zone Euro : quels enseignements pour l’Europe sociale ?," Post-Print halshs-01254229, HAL.

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