Title: Global financial economy and human rights protection in the age of the economic crisis: an argument about Greece

Authors: Olga Eirini Palla

Addresses: Centre of European Constitutionalization and Security, Faculty of Law, University of Copenhagen, Studiestraede 6, 1455 Copenhagen K, Denmark

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.

Keywords: global financial crisis; Greece; human rights protection; European Union; European Committee of Social Rights; European fiscal policy; ECSR Complaint No. 65/2011; labour rights; social rights violation; EU member states.

DOI: 10.1504/IJHRCS.2014.060444

International Journal of Human Rights and Constitutional Studies, 2014 Vol.2 No.1, pp.3 - 9

Received: 13 Apr 2013
Accepted: 27 Apr 2013

Published online: 16 Apr 2014 *

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