Venezuela, which is the country with the largest documented oil reserves in the world, has been plunged into a political, economic and social crisis for several years, struggling with recession and multi-digit inflation. In the second half of the second decade of the 21st century, the country’s economic and political situation deteriorated. Over a million Venezuelans have already migrated from their country, where there is a lack of basic everyday products, including food, medicines and hygiene products. In relation to this state, part of a discussion is not only the political or economic crisis, but also the humanitarian one. Venezuela’s internal problems also affect security throughout the Latin American region. International institutions and regional organizations are trying to undertake activities aimed at ending the dictatorial rule of President Nicolás Maduro and restoring the country’s democracy and the rule of law.

The interdependence between the economy and politics is particularly visible during economic crises. The subject of research is the impact of the economic crisis in Spain after 2008 on its political system. And the main aim is to answer the question: what factor had the most important impact on the functioning of the state’s political system. Authors assume that it was the amendment of the Art. 135 of the state constitution. The theoretical framework of the study is the output on the relationship between the economy and politics. The empirical research was based on the analysis of changes in the economic situation in Spain after 2008, and on the analysis of the evolution of the Spanish political system. Obtained results may be useful in the context of the impact of changes in the economic situation caused by the SARS-CoV-2 pandemic and the war in Ukraine.

The Fiscal Sustainability in the Economic Crisis and the Constitutional Fiscal Rules – Legal and Financial Perspective

The aim of the article is to analyse selected theoretical and practical aspects of fiscal sustainability and the conditions of economic crisis, in the constitutional and financial context. The legal regulations on the stabilisation of state finances and the constitutional fiscal rules are presented. The values of fiscal indicators in the EU countries in the years 2019–2022 have been compared. The research shows that, despite the increasing legal regulations and progressive constitutionalisation of fiscal rules, intensive intervention measures taken to counteract the economic effects of the COVID-19 pandemic have led to fiscal destabilisation.