Greeks overwhelmingly rejected the demands of creditors
for more austerity in return for rescue loans.
The proposals to salvage the economy being advocated by the IMF call
for more austerity measures — i.e. raising more revenue and cutting back on expenditures.
This is unlikely to make them very receptive to accepting the need
for more austerity - as the Lib Dems and Conservatives have been forced to - by offering joint spending plans to 2017/18.
Now is not the time
for more austerity.
Though Bersani and Monti have said all parties must work together, anti-Europe, anti-euro and anti-austerity parties headed by Berlusconi and Grillo have received 50 percent of the public vote, sending a clear signal to politicians that there is no mood
for more austerity dictated by Brussels.
Not exact matches
Here in our Outlook 2011 special report you'll find insight into what some say is a forming dot - com bubble, what
austerity means
for global economic development, some RRSP advice, an investigation into the fuss over gold and
more.
But a strange showdown is shaping up between the eurozone's powers, which can not and will not extend unconditional aid, and a country ravaged by
austerity with little appetite
for more.
The U.K.'s challenges are somewhat different from Canada's: as a result of the Conservative Party's
austerity campaign, the U.K.'s economy has suffered
more than Canada's, which has taken
more of a Keynesian approach; and the City, as London's financial hub is known, has had a reputation
for a much looser approach to regulation than that found in either Canada or the U.S. Tal says the U.K.'s finance sector has to change and he expects Carney will attempt to move it in the direction of greater regulation.
These risks and uncertainties include: Gilead's ability to achieve its anticipated full year 2018 financial results; Gilead's ability to sustain growth in revenues
for its antiviral and other programs; the risk that private and public payers may be reluctant to provide, or continue to provide, coverage or reimbursement
for new products, including Vosevi, Yescarta, Epclusa, Harvoni, Genvoya, Odefsey, Descovy, Biktarvy and Vemlidy ®;
austerity measures in European countries that may increase the amount of discount required on Gilead's products; an increase in discounts, chargebacks and rebates due to ongoing contracts and future negotiations with commercial and government payers; a larger than anticipated shift in payer mix to
more highly discounted payer segments and geographic regions and decreases in treatment duration; availability of funding
for state AIDS Drug Assistance Programs (ADAPs); continued fluctuations in ADAP purchases driven by federal and state grant cycles which may not mirror patient demand and may cause fluctuations in Gilead's earnings; market share and price erosion caused by the introduction of generic versions of Viread and Truvada, an uncertain global macroeconomic environment; and potential amendments to the Affordable Care Act or other government action that could have the effect of lowering prices or reducing the number of insured patients; the possibility of unfavorable results from clinical trials involving investigational compounds; Gilead's ability to initiate clinical trials in its currently anticipated timeframes; the levels of inventory held by wholesalers and retailers which may cause fluctuations in Gilead's earnings; Kite's ability to develop and commercialize cell therapies utilizing the zinc finger nuclease technology platform and realize the benefits of the Sangamo partnership; Gilead's ability to submit new drug applications
for new product candidates in the timelines currently anticipated; Gilead's ability to receive regulatory approvals in a timely manner or at all,
for new and current products, including Biktarvy; Gilead's ability to successfully commercialize its products, including Biktarvy; the risk that physicians and patients may not see advantages of these products over other therapies and may therefore be reluctant to prescribe the products; Gilead's ability to successfully develop its hematology / oncology and inflammation / respiratory programs; safety and efficacy data from clinical studies may not warrant further development of Gilead's product candidates, including GS - 9620 and Yescarta in combination with Pfizer's utomilumab; Gilead's ability to pay dividends or complete its share repurchase program due to changes in its stock price, corporate or other market conditions; fluctuations in the foreign exchange rate of the U.S. dollar that may cause an unfavorable foreign currency exchange impact on Gilead's future revenues and pre-tax earnings; and other risks identified from time to time in Gilead's reports filed with the U.S. Securities and Exchange Commission (the SEC).
Bond holders, banks, and IMF bear responsibility
for having made irresponsible loans to Greece, so it is not right
for them to force yet
more austerity on Greece, says Michael Hudson.
With Greece at boiling point following the adoption of yet
more internationally mandated
austerity measures in the wake of parliament's vote to slash 25,000 jobs in the public sector, opposition leaders said it was wrong
for Schäuble to be visiting at all.
And so increasing doses of
austerity were administered while the debt grew larger, forcing creditors to extend
more loans in exchange
for even
more austerity.
However, what is clear from the IMF analysis is that without some form of debt relief, the reforms agreed this week, and even decades
more of
austerity, could prove meaningless, and costly
for both creditors and the Greek economy.
In a polarising referendum called by the radical leftist government of Alexis Tsipras at only eight days notice, Greeks voted by
more than 60 % to 40 % in support of the prime minister, spurning the extra
austerity demanded mainly by Germany and the International Monetary Fund in return
for an extension of bailout funds.
«The Greek government — somewhat surprising
for a self - professed reform and anti-
austerity government — seems to have merely agreed to impose a lot
more austerity through higher taxes, but offers relatively little commitment to genuine economic reform.»
«The deadend
austerity policy has created a lot of divisions, we do not want to create one
more between the North and the South,» the Greek leader said, alluding to German opposition to Athens» drive
for a new debt agreement.
While you cower in fear over the «brown boogeymans» of the world, the real villians are plotting how to send your kids off to die in foreign wars
for their gain and how to steal
more of your hard earned money through
austerity measures and taxes.
The NHS budget has actually been ring fenced (don't give them too much credit
for this, it's a cynical way of seeming to «protect»
more popular or «sexy» areas of spending while providing political cover
for the overall
austerity programme).
Meanwhile, the political and economic impacts of the EU, and especially the German, predilection
for a strong anti-Keynesian approach to financial crisis is showing no sign of let up —
austerity and
more austerity resulting in a vicious downward spiral of lower demand leading to lower taxes and lower spending, lower growth and
more cuts.
Hammond had to contend, personally, with the National Insurance U-turn fiasco fresh in everyone's mind from his spring statement as well as, politically, with calls from the Brexiter faction within his own party
for a
more positive vision, and demands from the
more centrist Tories and the Opposition to relax
austerity measures.
Treasury sources suggested international organisations had recommended extending the government's
austerity drive
for an extra year would be
more effective in retaining the confidence of the markets.
Paulina Lampsa, international secretary at Pasok, is clear contined
austerity alone can not drive reform: «A large majority supports reforms that can guarantee
more solid prospects
for future generations but is not ready to accept
more austerity without growth.»
The risk of inflicting several
more years of
austerity on the British people is a price worth paying
for leaving the EU, Iain Duncan Smith suggested last night.
Surprisingly little worry is expressed that if Greece did not fulfil its
austerity programme the EU and IMF may just pull the plug which could push Greece into even
more disastrous territory — although
for most any» return to the drachma» scenario is seen as a nightmare outcome.
In return
for their support the SNP have said that they want no update
for Trident, no financial «
austerity», and
more powers
for Scotland than those in the Smith Commission.
Voting
for Corbyn then becomes a free hit: if Labour can not become a party of government any time soon, why not make it a
more effective party of opposition that takes on the Tories»
austerity agenda and unite it on that basis?
Instead of scaring they need positive persuasion with something that appeals to their strong preferences
for more devolution and against
austerity cuts.
What's
more, many social problems are getting worse because the
austerity politics pursued since 2010 has been just as disastrous
for Manchester as
for other Northern cities.
EU leaders gathered in Brussels on Monday
for more ritual banging of the euro -
austerity drum, with 25 of the 27 member states agreeing to the Germany - inspired «fiscal compact» treaty — to be signed in March (only the Czechs joining David Cameron in sitting on the sidelines).
Achieving
more for less in this age of
austerity is not just a technical question of managerial efficiency.
Scotland spoke overwhelmingly
for an end to
austerity,
for greater investment in public services, and
for a
more empowered Scottish Parliament».
Not that they'll necessarily get it though; some hard line
austerity hawks in cash strapped councils across the country are undoubtedly going to balk at the idea of being inundated with
more calls
for aid than they can possibly service after Westminster cut their budgets.
On a final note: if this budget was one of such seriousness and one of
austerity: one in which «we are all in this together...
for the good of the nation», why exactly did the majority of Tories laugh, cheer and bay
for more (cuts) when Osborne completed his statement?
With five
more years of
austerity to go, let's watch the polls
for green shoots in public confidence in the economy, as well as movements in ratings of the competence Osborne and the government.
While much is made of the continuity between Jeremy Corbyn, John McDonnell, Diana Abbott and others with the legacy projects of the Labour left, and the absurd attempts by self - proclaimed «moderates» to conjure up the ghost of the early 1980s; the far
more significant phenomenon is the discontinuity with the establishment consensus about
austerity economics, and the development of economic policies by John McDonnell and his team which commit a future Labour government to calibrated state intervention
for a capitalist economy that works.
I believe that we are seeing a shift that regonises
austerity and neo liberal policies (crash anyone, bit
more deregulation) do not deliver
for the many, and only to the few.
Well they voted and they voted no, but will this mean success
for labour now they have kept the MP's I doubt it Miliband will not sink further towards the right he'll tell us that
austerity is the answer v cut welfare cut money to those who are not hard working, and I think we will see
more and
more people heading towards UKIP
They would face huge problems driving through
more austerity measures,
more deep cuts to welfare — and even their EU referendum, which
for many of their own MPs is the highest priority of all.
What is clear is that Vince is determined to present an economically credible, progressive and above all distinctly Liberal Democrat economic platform — as the Tories test their coalition partner's resolve by attempting to legislate
for crushing
austerity in the next Parliament, his defence of a Lib Dem approach to economic policy will matter
more and
more.
On the heels of six years of
austerity budgets dating to 2008, the Executive Budget proposes another year of spending cuts in a host of areas, and lays out a multi-year plan of steep spending cuts that will extend the
austerity measures
for three
more years, thus completing an «
austerity decade»
for New York.
But he noted that a # 7bn increase — the equivalent of a little
more than 1p on the basic rate of income tax — would maintain the 80/20 ratio between tax rises and spending cuts that the chancellor has previously set as his target
for his
austerity programme.
George Osborne is to introduce yet
more austerity measures as he sticks to his failed economic strategy, but has he costed this tax cut into his budget plans
for 2016/17?
A «democracy «where a Democrat
for Governor promotes
austerity budgets while providing tax cuts to the rich, where the Republicans demand even
more money
for the rich and an end to the New Deal, and where the Supreme court repeatedly rule in favor of the 1 % to buy our political system under the guise of free speech.
But that does not mean that the Greeks will find centrally ordained
austerity tolerable, any
more than the Germans will have an appetite
for standing behind the debts of their less responsible neighbours.»
An expenses - weary,
austerity - struck public might not like the idea of any MPs getting any
more pay in any circumstances but a premium
for select committee work may be one of the best possible ways of encouraging MPs to see scrutiny of government rather than membership of government as a worthy parliamentary career path.
But it would come at a price, which will include a demand
for an end to
austerity,
more powers and money
for Scotland, and another vote on Scottish independence.
yet we forget they the real social scroungers in that house had that award 15000 you kid me not
more than some have to live on yes it seems
austerity is only
for us plebbs jeff3
«Stealing Beauty» is a return to relative
austerity for Bertolucci, who has wandered from such intimate character investigations early in his career as «The Spider's Stratagem,» «The Conformist» and «Last Tango in Paris» to the
more bloated and less successful sagas about the Buddha and the last emperor.
«Not known
for austerity or restraint, the latest Porsche 911 pushes even further:
more horsepower, faster acceleration and higher top speeds.»
While increasing potential
for significant global macro / monetary divergence, the meteoric ascent of political populists & populism, the ongoing debate
for renewed fiscal stimulus (vs.
austerity), latent inflation potential, etc. all suggest a (far)
more conducive environment
for Record's products & services, both in terms of winning mandates and better returns.