Social Investment and the Euro Crisis : The Necessity of a Unifying Social Policy Concept

@inproceedings{Hemerijck2012SocialIA,
  title={Social Investment and the Euro Crisis : The Necessity of a Unifying Social Policy Concept},
  author={Anton C. Hemerijck and Frank Vandenbroucke},
  year={2012}
}
The economic crisis has given rise to signifi cant challenges to the welfare state. Given that welfare expenses account for a large proportion of all state spending in the member countries of the European Union, reducing government spending means cutting welfare measures. Yet social protection, in particular unemployment insurance benefi ts and minimum income support, has signifi cantly softened the impact of the crisis for millions of individuals. The global recession calls into question the… CONTINUE READING