THE SOCIAL AND ECONOMIC EFFECTS OF THE PRESENT ECONOMIC CRISIS

Abstract

This paper explains and analyses the emergence of the apparent social issues
in Southern Europe, connecting them to the overall upcoming recession in the
member states and proceeding to evaluations for the Mediterranean countries. Is there a need for a sustainable and balanced social model across
Europe? The working hypothesis is whether this model is generic and has the
same effect in each country or the model is differential in character. The annual report (2009) on social protection and social inclusion considers that, in
today's context of crisis and in order to organize an economic recovery, it is
crucial to build on solidarity and to enable social protection systems to play to
the full their role of providing stability