INTERECONOMICS, Vol 47, No. 4, July/August 2012

Authors: Raquel Marbán-Flores, Philippe Pochet, Mathias Dolls, Andreas Peichl, Anton C. Hemerijck, Frank Vandenbroucke, Torben M. Andersen, Christophe Degryse, Gaetano Basso, Werner Eichhorst, Thomas Leoni and Peter Taylor-Gooby

Editorial: The Spanish Financial Sector: Where We Came From, Where Are We Going?

By Raquel Marbán-Flores

Forum: The Welfare State After the Great Recession

By Philippe Pochet, Mathias Dolls, Andreas Peichl, Anton C. Hemerijck, Frank Vandenbroucke, Torben M. Andersen, Christophe Degryse, Gaetano Basso, Werner Eichhorst, Thomas Leoni and Peter Taylor-Gooby

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 fi nancial viability of current
programmes, and the crisis is being used by some as an opportunity to roll back the welfare
state permanently. The present Forum discusses challenges to and opportunities for the
welfare state after the crisis.

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