Abstract:Ana M. Guillén and Sergio González Begega address the crisis management strategies of Spain’s long-lasting recession and its associated protracted period of austerity. The Spanish economy enjoyed two ...Ana M. Guillén and Sergio González Begega address the crisis management strategies of Spain’s long-lasting recession and its associated protracted period of austerity. The Spanish economy enjoyed two decades of very intense expansion prior to the onset of the recession in 2008. That expansion was, nonetheless, unsustainable. Hence Spain went into a profound crisis with harsh social and employment consequences. Youth unemployment became excessive. The analysis of the overall policy responses to the recession and the reforms of the social protection system indicate a trajectory aimed unequivocally at regaining fiscal balance and appeasing the markets, while tending to growing social need remained a secondary objective. The outcome has been a substantive increase in financial hardship and socio-economic insecurity, borne principally by the lowest income quintile and by some active age population groups, such as single parents, immigrants, the unemployed, and, indirectly, children.Read More
Publication Year: 2019
Publication Date: 2019-01-21
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 21
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