Global financial economy and human rights protection in the age of the economic crisis: an argument about Greece Online publication date: Sat, 24-May-2014
by Olga Eirini Palla
International Journal of Human Rights and Constitutional Studies (IJHRCS), Vol. 2, No. 1, 2014
Abstract: The aftermath of the global financial crisis resulted to several and severe consequences in many countries throughout the world. EU member states were not left outside. The crisis evinced that the EU's economic governance framework failed to prevent and correct unsustainable national policies that contributed to the build-up of major imbalances in the Eurozone countries. As a result, the weaker members had to confront the economic crisis. Greece was the first one. The plan that was invented in order to prevent a developed country's bailout was insufficient. Additionally, it had a serious effect on the limitation of the protection of human rights. The European Committee of Social Rights (ECSR) decided for the violation of labour rights. This conflict between troika and ECSR proves the lack of a unanimous and integrated European confrontation of economic crisis, as well as an endangerment of human rights.
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