Sentences with phrase «austerity packages»

The austerity packages came in waves while basic needs such as food, housing, health care and heating became luxurious necessities for middle and low income citizens who saw their households» incomes steadily shrink.

Mr Baron argued that saving the euro could make the recession worse, as it forces countries to adopt severe austerity packages instead of considering the alternative of revaluing their currency.

The EU has imposed austerity packages on its own member states forcing privatisation, welfare cuts and unemployment.

And again the most recent fiscal squeeze seems to fit a trend in which increases in tax revenue have played a smaller part in fiscal austerity packages in the UK over the last 30 years than in earlier periods.

THE OFFICIAL REACTION: Italian Premier Silvio Berlusconi issued a brief statement arguing his recently passed austerity package will shore up the country's finances.

Greece's largest labor union, the GSEE, has called a general strike for May 17 to protest the latest austerity package.

«Opposition parties reject his latest austerity package on the grounds that the belt - tightening agreed in return for a $ 110bn ($ 155bn) bail - out is choking the life out of the economy.»

Labour's poll ratings are bouncing around on a par with the Conservatives, a party whose populist programme includes a 1930s austerity package, the effective abolition of the NHS and the early release of some of the nation's most brutal sexual predators.

They will want gains on their 2008 status, especially against an unpopular government implementing an austerity package.

The Iberian country's prime minister Jose Socrates resigned yesterday after the Portuguese parliament rejected an austerity package.

Labour is currently ahead in the polls — at the last count some 5 % in front of the Conservatives, and this is before the real effects of the Coalition's austerity package has been felt.

A # 11bn benefit squeeze was also included in an austerity package he said would clear the structural deficit by the time of the next general election in 2015.

Campaigning group Next Generation Labour (NGL) has established itself as a leading voice within the Labour party against George Osborne's austerity package, to which the party leadership has made dangerous concessions.

Controversial Italian Prime minister, Silvio Berlusconi has said that said he will resign after an austerity package passes in the country's Parliament next week.

Even though United Nations (UN) independent expert on foreign debt and human rights, Cephas Lumina had warned that the introduction of a second austerity package could constitute a serious violation against the Greeks» human rights, this did not stop the government from going forward (OHCHR, 2011) A massive wave of protests and riots full of anger and desperation erupted within the country condemning Papandreou's policies and the austerity measures.

Not exact matches

He's optimistic that aid packages will be modified and struggling nations will find some manageable balance between austerity and growth.

Then the crisis rolled through various countries, widening the deficits to a point where the budgets broke, forcing dramatic austerity and bailout packages.

Tsipras is campaigning for a no vote in the referendum on Sunday, which is officially on whether to accept a tough earlier bailout offer, to impress on EU negotiators that spiralling poverty and a collapse in everyday business activity across Greece has meant further austerity should be ruled out of any new rescue package.

She was speaking after Eurozone leaders agreed to give Greece a third bailout package of up to $ 86bn over the next three years, in exchange for further austerity and reforms.

The «Merkozy» tandem admitted in trenchant terms that Greece could leave the euro — that Greece had to choose between leaving the eurozone, and going along with the «rescue and austerity» package (painfully and inadequately stitched together at the eurozone Brussels summit on 26/27 October).

Ending what has been a tumultuous six - month long negotiation process, last week the Greek Parliament approved the first package of austerity measures required by Greece's creditors as part of the «Greekment» reached in the early morning hours of 13 July 2015 in order to initiate talks on a Third Fiscal Adjustment Programme (or «Memorandum») and avoid Greece's expulsion from the Eurozone.

According to him, the Mahama administration had gone into an IMF package which the consequences were of very high level austerity.

The Greek parliament has voted narrowly in favour of a package of austerity measures aimed at preventing the nation from defaulting on its debts.

In 2010 and 2012, Greece agreed with its Eurozone partners and the IMF to accept two large bailout packages conditioned on the fulfilment of far - reaching, austerity - oriented reforms.

While Cyprus» government faces public outcry over accepting an EU bailout and Greece's rescue package appears to grow, Ireland's legal sector is beginning to see positive results from its drastic austerity measures.

This was a package of austerity measures that: