The plausibility of the spanish constitution within the euro : a purely economic issue

Abstract

Economic growth and robust public finances (aim of the introduction of fiscal rules) constitute the indispensable condition for a feasible and effective implementation of constitutional mandates. On this premise, this paper aims to present economic and constitutional differences between the pre-euro scenario and the implications of the adherence of Spain to the euro. To do this, we analyze the coexistence between the welfare state and the two deepest economic crises that have occurred in our country since the establishment of democracy and the adherence to the euro. Then, we detail the current recession in the European context, in which sovereignty over major economic stabilization instruments no longer resides in the States of the Eurozone. Finally, within this economic and constitutional framework, we explain some proposals of reform aimed at strengthening the Spanish Social State, the political formula in which Spain is constituted.