The Conservative manifesto commits the party to an additional
round of austerity.
Reports of renewed IMF concerns came as Tsipras tried to convince dissident MPs in his own Syriza party to back
another round of austerity.
Not exact matches
But that would mean another
round of mild fiscal
austerity that would weigh on growth.
Delivering George Osborne's
austerity programme, seen chummily joshing with Oliver Letwin at a fringe event last night - admitting that the «only area we disagree on is Europe» - and generally being an all -
round «proalition» representative, Danny Alexander seems to have got off lightly so far in terms
of grassroots resentment.
Its
austerity policies inhibit growth and constantly pull down aggregate demand, and when as a result the budget deficit grows instead
of falls, that is used as a pretext for another massive
round of cuts (another # 9.8 bn in this year alone).