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Europe’s social problems

What was the impact of the crisis in Europe’s social problems? Bruegel Director Guntram Wolff and Senior Fellow Zsolt Darvas discuss a study that was presented to the Finance Ministers gathered at Greece’s Informal Ecofin. According to Darvas, "countries that had high level of inequality before the crisis are the ones that suffered the most." […]

By: and Date: April 1, 2014 Topic: Macroeconomic policy

What was the impact of the crisis in Europe’s social problems? Bruegel Director Guntram Wolff and Senior Fellow Zsolt Darvas discuss a study that was presented to the Finance Ministers gathered at Greece’s Informal Ecofin.

According to Darvas, "countries that had high level of inequality before the crisis are the ones that suffered the most." Him and Wolff discuss the impact of inequality in long term growth and financial stability, as well as the efficiency of social security systems. The authors propose three key reforms that, in their own words, "can contribute to a more equitable society and better economic outcomes."


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