Sentences with phrase «financial austerity plan»

Companies that actually use raw materials and consumers that buy products are being squeezed, by a combination of debt service and a financial austerity plan — while Wall Street and speculators are being enabled to make a killing.

Not exact matches

Should Greek voters reject the austerity plan, it could lead to a messy default on the country's debt that would likely cause massive losses for banks that hold Greek bonds - and possibly spark a wider financial crisis that could send Europe into recession.

But it is LSIA 1854 that is now under the spotlight, as a result of present day austerity measures and the plans of many local authorities to sell off long established museums and libraries to make ends meet (see the Financial Times 29 March 2011 «Councils in a bind as library sell - off falls foul of Victorian law»).