1. Academic Research of Economic Journal
... situation in the Member States, enlargement and internationalization. The second and third term can be found at page number 12 in the following paragraph : "Two main effects of the global economic and financial crisis can be identified for the social security systems: (1) due to higher unemployment, the expenditures of social insurance are increasing and (2) tax and contribution revenues are falling as ... a consequence of lower economic growth. They constitute a serious "stress test" for the European welfare states and for the EU principle of "social solidarity.". The key terms here are...
- Word Count: 1048
- Approx Pages: 4
- Grade Level: Undergraduate