Sentences with phrase «imposed on austerity»

The draft legislation is the latest in a series of income cuts, tax hikes and reforms imposed on austerity - weary Greeks since 2010, when the debt crisis exploded that brought Greece to the brink of bankruptcy and expulsion from the eurozone — the club of European Union countries that use the euro currency.

Not exact matches

At the same time, Merkel and other European leaders must recognize that Tsipras won an election on a promise to end imposed austerity.
Grillo, in his popular blog, laid into Merkel for imposing German - style fiscal austerity on Italy.
In a country that has imposed tough spending controls and austerity measures on all government departments, investing in the future means getting at the end of a very long line.
On paper, the recommendations for debt relief and reduced austerity «suddenly evaporate when IMF functionaries coalesce with their ECB and the European Commission colleagues in order to impose upon our government their chosen policies,» said Mr Varoufakis.
BERLIN — Despite bitter opposition in many quarters to the austerity - first policies Germany has imposed on Europe's poorer nations, Chancellor Angela Merkel's government has hung on to its role as champion of integration on the Continent through deft use of diplomacy and the country's economic clout.
The number one punch against the Ukraine by the IMF was to impose austerity on the pretense (its junk economics) that Ukraine could pay its foreign bondholders with income taxed out of its domestic economy.
The Washington, DC - based organization centrally controls a global system of payments and loans, often given to struggling nations on the condition that they impose strict austerity.
This monetarist theory has guided Russian economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy, as well as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF on third world debtor countries.
And internationally, debt - ridden economies are subject to pressure from inter-governmental institutions such as the IMF and European Central Bank to impose fiscal austerity on their labor force, cut back public spending and even sell off public enterprises.
Russia has been subjected to a hyperinflationary austerity similar to that which has been imposed on Latin America and Africa for over thirty years.
To what extent should a country impose austerity and even depression on itself — more than a great recession, an entire lost decade on itself — simply to pay interest to bondholders who've been financing a fiscal system that hasn't really taxed the rich in Greece?
Entirely dependent on billions of euros worth of international rescue loans from other European countries and the International Monetary Fund, Greece must impose yet more austerity measures next month, if it is to keep the money flowing and prevent a default and a potentially disastrous exit from the euro.
Taking the example of the Quebec Liberal government's austerity agenda, Lanctôt explained how major cutbacks in the health and social services sector have imposed an unsustainable burden on both those who provide and those who use the services, the majority of whom are women.
The current German politics of imposing austerity measures on the rest of Europe stems from the tradition of what Adrian Pabst memorably termed «Kantian morality of context-less duties, Weberian statecraft void of virtue, and Bismarckian quasi-military management of citizens through centralised welfare.»
To impose austerity on a society may be unwise, but it is even more unwise to impose affluence on a nation through hidden per.
Austerity programs similar to those imposed on third - world countries by the International Monetary Fund may soon be required of the United States.
This has been chosen because of the January austerity measures imposed on our stomachs — it contains only a small amount of fat and sugar using pears as a partial substitute.
The China downturn also contributed a damaging profit downgrade from Treasury Wine Estates as austerity measures imposed on government officials by President Xi Jinping dampened shopping.
Exports to China slipped by 7.6 per cent to $ 223 million as a combination of austerity measures imposed by the Chinese government to limit spending by government officials and organisations on luxury products, and a higher dollar, hit sales.
Three, the Franco - German plus Frankfurt club's attempts to solve the crisis by imposing ever deeper austerity on struggling member states whilst starting to intervene — through high profile public statements and pressure — into other member states» domestic politics is a combustible situation and completely at odds with how the EU should and normally does function politically.
The Palestinian Authority has nothing to offer Israel so that it would stop the occupation of its lands while Greeks and Cypriots have nothing to offer Germany and the EC so that it would not impose such harsh austerity measures on them.
Exiting the Eurozone would also allow them to repeal the austerity policies that have been imposed on them in the past years.
The EU has imposed austerity packages on its own member states forcing privatisation, welfare cuts and unemployment.
Since 2010 mainly northern Labour - led councils have complained bitterly that they have been unfairly squeezed by austerity while southern Conservative - led councils have had nowhere near the same level of cuts imposed on them.
They're the ones repeatedly imposing austerity spending cuts on themselves, stalling their own economies.
Commenting on the announcement of the draft Scottish budget for 2013/14, Chris Keates, General Secretary of the NASUWT, the fastest growing teachers» union in Scotland, said: «While the Scottish Government has been placed in a difficult position by the Westminster Government's imposition of its austerity measures, it is deeply disappointing that the Scottish Government has chosen to follow the Coalition's flawed economic policies by imposing another year of pay freeze on public sector workers.»
You'll have to impose continued «austerity» on welfare spending for the next 10 years..
The watchdog recommended a significant increase despite the coalition government cutting spending and imposing austerity on the public sector.
Austerity is only imposed on district public schools, apparently.
The fall for ebooks is very welcome, although the overall rise to 7 % is to be deplored, but is an unfortunate result of the austerity measures we're currently having imposed on us.
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.
Tobias Zielony, Jasmina Metwaly, Philip Rizk, Hito Steyerl, and Olaf Nicolai — the artists exhibited in the Venice Biennale's German pavilion this year — have taken a strong stance in protest against the German government's decision to impose austerity measures on Greece, according to Artnet's Brian Boucher.
It may be questionable which effect austerity measures imposed on crisis - hit states can have on social cohesion and sustainable growth.
Investors quickly lost confidence, and local governments rushed to impose a set of strict monetary policies («austerity») to placate investors, only deepening the recession.This period, known in Japan as the «Lost Decade» (Ushinawareta Jūnen), was hardest on the young people attempting to start careers and «adult» lives.
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