Sentences with phrase «make severe austerity»

He warned that without federal action the island will be forced to make severe austerity measures that will hurt both the Puerto Rican people and the national economy.

Not exact matches

Some scholars have, in fact, turned to this model to make sense of the puzzling lack of protest in the Baltics in the face of the severe financial austerity measures (e.g. Sippola 2013).

Mr Baron argued that saving the euro could make the recession worse, as it forces countries to adopt severe austerity packages instead of considering the alternative of revaluing their currency.