Following this, the Romanian government adopted drastic austerity measures, resulting in a further 1.3 % GDP contraction in 2010. (blog.politics.ox.ac.uk)
In order to receive aid money from the International Monetary Fund and the European Union, troubled countries are being forced to implement drastic austerity measures, which are supposed to help get their books back into shape. (canadianbusiness.com)
Greece has to introduce new drastic austerity measures worth (EURO) 14.5 billion ($ 19 billion) for 2013 - 14 in June, while the country is also due to receive a (EURO) 30 billion ($ 39.4 billion) installment of its rescue loans from the other countries in the 17 - strong eurozone and the International Monetary Fund. (sandiegouniontribune.com)