Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83958
Authors: 
Hermann, Christoph
Year of Publication: 
2013
Series/Report no.: 
Working Paper, Institute for International Political Economy Berlin 26/2013
Abstract: 
Following ECB-president Draghi's remark that the European Social Model does no longer exist and the crisis can only be overcome through a combination of austerity and structural reform, this paper examines the consequences of austerity measures and structural reforms adopted during the crisis in a number of EU member states. The hypothesis is that the juxtaposition of the end of the European Social Model on the one hand, and austerity and structural reform on the other was well chosen. In fact austerity and the structural reforms amount to a veritable attack on the foundations of the European Social Model. The first part of the essay summarizes the discussion on the European Social Model, while the second part describes and compares major austerity measures and structural reforms adopted during the crisis. The third part discusses the impact of the newly established European Economic Governance structure on national economic and social policies. The fourth part deals with the consequences of austerity and structural reform, including for poverty and inequality. The essay ends with some reflections on the role of solidarity and the future of the European Social Model.
Subjects: 
Economic crisis
European Social Model
Austerity
Inequality
Solidarity
JEL: 
H10
H40
H50
I38
J38
J58
Document Type: 
Working Paper

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