«We believe the political pendulums are swinging — whether from the left or the right, as candidates embrace more populist positions and associate a move
away from austerity with other anti-establishment and anti-incumbent rhetoric,» says Shalett.
Markets were thrown into a tailspin Monday after weekend elections in France and Greece led to a sharp shift in the political landscape with the focus shifting
away from austerity.
Germany's fellow euro zone members are unlikely to welcome the spending blueprint either, as they had hoped the Social Democrats, part of Germany's governing coalition, would steer the EU's economic powerhouse
away from austerity.
Not exact matches
For Jackson and McClymont, shifting the discourse
away from «
austerity» and public spending reductions will mean Labour can fight the election on their terms.
This amounts to reversing the tax give -
aways under the Tory policy of
austerity, which was fundamentally a transfer of incomes
from workers and the poor to big business and the rich and is also entirely appropriate.
With the general election just over a year
away, Labour has sought to focus attention on how strongly inflation has outstripped pay growth, adding to the burden on households
from the coalition's
austerity drive.
This is the stark conclusion drawn by Anderson and Bows: «The logic of such studies suggests (extremely) dangerous climate change can only be avoided if economic growth is exchanged, at least temporarily, for a period of planned
austerity within Annex 1 nations and a rapid transition
away from fossil - fuelled development within non-Annex 1 nations.»
In conclusion, it can be said the proposed directive would be a surprisingly clear turn
away from the Fiscal Compact's
austerity measures, while still taking the formal stand that the intergovernmental Fiscal Compact was, in compliance with Article 16 TSCG, repatriated into the Treaties.