Sentences with phrase «by harsh austerity»

Not exact matches

Greece has been unable to form a coalition government since voters gave support to political parties that want to cancel or renegotiate the terms of a massive financial bailout by international lenders that requires harsh austerity measures.

Greeks have witnessed discussions shift from $ 1 billion in additional measures (last proposal put forth by the New Democracy - PASOK government following demands from creditors), to over $ 10 billion in additional measures last month, to today's «Greekment» according to which Greece will undergo harsher austerity (for next three years) than at any other point since the crisis began.

Its small majority will be tested by multiple conflicts over Europe, Scotland, and a slowing economy about to be plunged into the harshest austerity yet.

It does seem that the Treasury has been a little stung by suggestions that George Osborne's harsh austerity message has hit consumer and business confidence, like Nick Clegg yesterday who is trying to show a little «light at the end of the tunnel».