Greece, Ireland, Portugal and Spain Ten Years After the Start of the Euro-Crisis. A Constitutional Appraisal

Quaderni costituzionali, 2019, I, pp. 199-214

13 Pages Posted: 26 May 2019

See all articles by Pietro Faraguna

Pietro Faraguna

University of Trieste; Constitutional Court of Italy; Luiss Guido Carli University - Center for Parliamentary Studies (CESP)

Cristina Fasone

LUISS Guido Carli

Diletta Tega

Università di Bologna - Alma Mater Studiorum Università di Bologna

Date Written: April 23, 2019

Abstract

This special section features four comments concerning the impact of the Euro-crisis, ten years after the start of the subprime mortgage crisis in the US, on the four Eurozone countries that probably have been affected the most. In fact, the year 2018 marked the end of the financial assistance programmes activated between 2010 and 2015 in favour of Ireland, Portugal, Spain Cyprus and Greece (which benefited from three rescue packages). We have preserved a proper constitutional perspective of analysis and we have tried to understand what constitutional consequences stemmed from the crisis and from the related application of EU and international measures at the Member State level. Leaving aside the case of Cyprus – characterised by unique economic, social and geopolitical features – we have asked national experts to illustrate the most significant constitutional implications of the Euro-crisis in their country. We have suggested a set of topics of possible interest: i) budgetary procedures and the role of Parliaments; ii) Relations between the State government and regional/local authorities; iii) possible constitutional conflicts between supranational constraints and national constitutional identities; iv) workers’ rights and rights of pensioners, with special attention to the (im)balance of the social security system; v) protection of savings; vi) tax law reforms and principle of legitimate expectations.

Keywords: Euro-Crisis, Europe, Financial Assistance, Rescue Packages, Social Rights

Suggested Citation

Faraguna, Pietro and Fasone, Cristina and Tega, Diletta, Greece, Ireland, Portugal and Spain Ten Years After the Start of the Euro-Crisis. A Constitutional Appraisal (April 23, 2019). Quaderni costituzionali, 2019, I, pp. 199-214, Available at SSRN: https://ssrn.com/abstract=3376515 or http://dx.doi.org/10.2139/ssrn.3376515

Pietro Faraguna (Contact Author)

University of Trieste ( email )

Piazzale Europa, 1
Trieste, Trieste 34127
Italy

Constitutional Court of Italy ( email )

Italy

Luiss Guido Carli University - Center for Parliamentary Studies (CESP) ( email )

Viale Romania 32
Rome, 00187
Italy

Cristina Fasone

LUISS Guido Carli ( email )

Department of Political Science
Viale Romania, 32
Rome, 00197
Italy

Diletta Tega

Università di Bologna - Alma Mater Studiorum Università di Bologna ( email )

via zamboni 22
Bologna, Bologna 40126
Italy

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