Abstract
The article emphasizes the existence of the concept of "social Europe" as a social dimension of European integration. Modern understanding of social rights as a foundation for the formation and functioning of a social state has been justified. The influence of the global financial and economic crisis on the reform of the constitutional texts of European states has been studied out. The influence of the budget pact (as an independent constitutional way of overcoming crisis phenomena in the economy) on the mechanisms for realizing the social rights and freedoms of a person and a citizen has been established. It is justified that the introduction of the budget balance implies a restriction on public spending, since the only constitutional way out will be to cut costs, if the income does not cover a certain level of expenditure, and the limits of the deficit and debts have already been overcome. This implies the reduction of social programs, therefore - the possibility of violating citizens' constitutional rights to health, education, social security, etc.
Highlights
A special role of the influence of the global financial and economic crisis on the current situation in European countries should be highlighted
The cuts of post-crisis budget and redistribution have led to the fact that domestic implementation of social rights has slowed in many countries
As a consequence, there is a reduction or restriction of costs for public sector wages, the termination or removal of subsidies for basic goods and services, the reduction of social protection programs, the reform of old-age pensions and the introduction of regressive tax measures. These regulatory and institutional changes are issues of public finances that influence the implementation of social rights directly or indirectly
Summary
A special role of the influence of the global financial and economic crisis on the current situation in European countries should be highlighted. It is worth showing some data that already are affecting daily life of Italians, concerning the national funds which should be distributed to the Regions in order to supplement their welfare policies and services: the fund for welfare policies amounted to 656,4 million in 2008 and was reduced to 518,2 in 2009, to 380,2 in 2010, to 178,85 in 2011 and to 10,8 in 2012; the fund for equal opportunities was reduced from 64,4 million in 2008 to 11 million in 2012; the fund for family was cut down from 346,4 million in 2008 to 31,9 million in 2012; the national health fund experienced reductions of 900 million in 2011, 1,8 billion in 2012, 2 billion in 2013 and 2,1 billion from 2015 [20]
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Financial and credit activity problems of theory and practice
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
