Segundo um recente relatório da Comissão Europeia, o “modelo social europeu” não parece ter servido de muito para amenizar os efeitos da crise para além de estar a prejudicar o crescimento económico
Given the fact that the EU is, in general, one of the most highly taxed areas in the world, one pressing issue is what lessons tax policy should learn from the global financial crisis. In theory, its well-developed welfare systems, made possible precisely by those high taxation levels, should have made Europe more resilient; in addition, heavy taxation is usually believed to take a higher toll on growth during cyclical upturns, when it contributes to factor scarcity and exacerbates inflation, rather than in a recession; yet, although the crisis originated in the United States, it spread quickly to the EU and resulted in a slump of comparable proportions. Does the crisis suggest that another fiscal policy model would have been preferable?
(via Johan Norbeg)