The Greek government, elected early this year on a platform of
ending years of austerity imposed by Germany and other lenders, is pushing back against further pension cuts and higher taxes, saying they would further weaken an already crippled economy.
Not exact matches
Austerity measures imposed earlier this
year include $ 65 billion ($ 80 billion) in spending cuts and tax increases by the
end of 2014.
Departments not protected by ringfencing will face total cuts
of over 30 % since 2010 by the
end of the coalition's eight -
year austerity programme, the Institute for Fiscal Studies (IFS) said.
He persuaded the public that the
years of austerity were worth the pain and that there genuinely is light at the
end of the tunnel.
Actually it does because the Tory manifesto will be used during the crucial last three weeks
of the campaign to do the one thing that had to be done - to show the public who have had a tough time that five
years of austerity were worth the pain as well as revealing that the light at the
end of the tunnel is the Good Life.
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 is expected to further flesh out his economic vision for Britain 2020, signposting the way a Labour government under his leadership intends to return all
of our United Kingdom to the sound economics
of public investment so as to bring an
end to the
years of political and economic
austerity.
So we will have a few more
years of more borrowing but my guess is that this is not the
end of austerity.»
«Eight
years of Tory
austerity, which Labour will bring to an
end, have had a disastrous effect on our vital public services and workers have paid a heavy price in the cost
of living and their working lives.
Two remarkable books that came out this
year —
Austerity Ecology & the Collapse Porn Addicts by Leigh Phillips and The
End of Doom by Ronald Bailey — each makes the case that growth, technology, and accelerated modernization can solve the twin global problems
of poverty and environmental devastation.