Sentences with phrase «called austerity programs»
The so - called austerity programs of bailout # 1 have not been fully implemented, and none of the austerity from bailout # 2 has been implemented.
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As Globe columnist Neil Reynolds recently noted, the IMF has called on the United States and Europe to abandon austerity programs before either had put any in place.
The first group of so - called debt hawks sees another Great Recession coming and wants national governments to focus on austerity programs aimed at deficit reduction because rising sovereign debts are behind our current economic woes.
From New York City's bankruptcy to Puerto Rico's insolvency and Third World debtors subjected to IMF «austerity programs,» national bankruptcies shift control to centralized financial planners in what Naomi Klein has called Crisis Capitalism.
After a contentious period of negotiations, the odds of a so - called «Grexit,» or Greek exit from the euro, were drastically reduced as Greece begrudgingly accepted an austerity program and Germany gave the European Stability Mechanism the green light to negotiate a third bailout.
Prior to the legislature's proposal for increased taxes, Vanderhoef had presented an austerity budget that called for the immediate sale of Summit Park as well as massive cuts in many other programs.