Sentences with phrase «more austerity»

More austerity measures further contract the economy, driving down tax revenues and making it even harder to pay back the debt.

They were convinced they would get a majority against a deeply unpopular government that would only be offering more cuts and more austerity which the public would reject.

And so increasing doses of austerity were administered while the debt grew larger, forcing creditors to extend more loans in exchange for even more austerity.

GREECE: Several thousand protesters gathered outside Greece's parliament, and unions braced for more austerity measures imposed by bailout lenders.

Greeks overwhelmingly rejected the demands of creditors for more austerity in return for rescue loans.

George Osborne is to introduce yet more austerity measures as he sticks to his failed economic strategy, but has he costed this tax cut into his budget plans for 2016/17?

Rehn also stated that the 2014 budget may still need more austerity measures.

Greece seems to have given in to its creditors» demands for more austerity as the Greek government sent out a revised reform proposal yesterday which included substantial concessions on its part.

Bond holders, banks, and IMF bear responsibility for having made irresponsible loans to Greece, so it is not right for them to force yet more austerity on Greece, says Michael Hudson.

«The Greek government — somewhat surprising for a self - professed reform and anti-austerity government — seems to have merely agreed to impose a lot more austerity through higher taxes, but offers relatively little commitment to genuine economic reform.»

The result has been ever - deepening recession and ever - increasing debt followed by more austerity.

However, that was only the beginning for civilians» economic burdens and soon the Greek government introduced more austerity measure packages, imposing more taxes, salary, pension and benefits cuts and reductions on Greek citizens.

Spain recently revealed more austerity in its 2013 budget, which will likely have to be modified to include deeper cuts when over-optimistic macroeconomic growth assumptions don't materialize.

Though Bersani and Monti have said all parties must work together, anti-Europe, anti-euro and anti-austerity parties headed by Berlusconi and Grillo have received 50 percent of the public vote, sending a clear signal to politicians that there is no mood for more austerity dictated by Brussels.

PARIS / ATHENS (Reuters)- France and Germany told Greece on Monday to come up with serious proposals in order to restart financial aid talks, a day after Greeks voted overwhelmingly to reject more austerity.

I fear that Mr. Samuelson has been, historically, more an austerity fan, worried about so - called entitlements and their replacement, than he has been concerned with promoting wage fairness, ending miserable living standards for the middle class, and at least preserving most of an income tax system that puts at least some of the burden on the wealthy, rather than promoting a wealth - insuring «Fair», sales tax.

In practice, the IMF simply advances however much a government needs to bail out its bankers and bondholders, pretending that more austerity enhances the ability to pay, not worsen it.

Whether it worked is a different question: For all his political nerve, Greeks will endure more austerity if the bailout money arrives or not.

«From September onwards we're going to have more and more austerity here in Greece, which will probably emerge as seeing some hunger on the streets.

«Lots more has to be done, and if we don't do that now then our capacity to bring the budget back into balance will require much more austerity, much more dramatic movement in the future.»

After yesterday's harsh speech from George Osborne promising more austerity in the next parliament, Cameron made a series of pledges on income tax, housing and zero hours contracts to sweeten the pill of continued spending cuts.

Paulina Lampsa, international secretary at Pasok, is clear contined austerity alone can not drive reform: «A large majority supports reforms that can guarantee more solid prospects for future generations but is not ready to accept more austerity without growth.»

The possibility of more austerity is concerning too.

The chancellor, George Osborne, certainly plans more austerity, hoping to achieve a budget surplus and a rapidly declining debt - to - GDP ratio by the end of the decade (four years later than he originally predicted).

«He's proposing to create more austerity.»

By ignoring economic realities, Britain would be choosing more austerity, not less.

But that is only possible because he is entrenching more austerity on other parts of government spending.

One MP who attended the meeting told PoliticsHome: «It was pointed out to Jeremy that not being in the EEA would mean years more austerity because we'd be voting to make the country poorer.

This spiraling circle — worse economy means lower revenues which requires the need for more austerity cuts which means an even worse economy — has hurt the image of Greece and countries in a similar position.

Entirely dependent on billions of euros worth of international rescue loans from other European countries and the International Monetary Fund, Greece must impose yet more austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit from the euro.

Do we need more austerity?

Now there is just the bleak year ahead: politicians of middling ability barking empty phrases across the Commons, austerity followed by austerity and more austerity as far as the mind can comprehend.

They would face huge problems driving through more austerity measures, more deep cuts to welfare — and even their EU referendum, which for many of their own MPs is the highest priority of all.

The IMF's intervention was a remarkable public admission that more debt and more austerity will lead Greece to the path of economic ruin.

Meanwhile, the Greece government told its lenders, that we now call «Troika» today, that it will not agree to any more austerity measures.

Because Greece has now said, no more austerity measures.

Now is not the time for more austerity.

The more austerity, the larger the deficit, which is compounding the debt problems of peripheral nations.

This is unlikely to make them very receptive to accepting the need for more austerity - as the Lib Dems and Conservatives have been forced to - by offering joint spending plans to 2017/18.

The Liberal Democrats are unveiling an unappealing election strategy: more austerity.

In this regard, Greece's creditors have reaped what they sowed; by demanding yet more austerity two months before national elections, the IMF, EU Commission, and ECB facilitated the fall of Samaras» coalition government, rise of Syriza, and the chaos that has ensued, almost leading to the dissolution of the Eurozone.

The talk is of education investment, welfare cuts and more austerity.

Which means that if the integrity of the United Kingdom is to be sustained, somehow a way has to be found - and presumably fairly fast - to reconcile the English vote for more austerity and the Scottish vote for an end to austerity.