Sentences with phrase «severe austerity»
"Severe austerity" refers to a situation where there are strict measures taken to reduce government spending and control budget deficits. It typically involves cutting back on public services, reducing social benefits, and increasing taxes to stabilize the economy. Full definition
«How can you create jobs under severe austerity under fiscal consolidation?
ghanapoliticsonline.com
Athens was forced to adopt severe austerity measures that plunged the country into a deep recession.
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.
The budget deficit in IMF article 4 is projected to be 3.8 so ladies and gentlemen next year, let us be assured that there will be severe austerity equivalent to 1983.
There is tragedy and heartbreak running in the film's veins right from the first forlorn images of the Braddock steel mill photographed with severe austerity by cinematographer Masanobu Takayanagi (The Grey) and set to the pained vocalizations of Pearl Jam's Eddie Vedder, this ambience only growing in severity as things progress.
Under the burden of the financial collapse and the imposition of severe austerity on certain EURO countries the EURO area has never recovered and is not expected to in the near term.
Previously, Greece appealed for a bailout and was forced to use severe austerity measures.
It can only be severe austerity which will cause mayhem & strife.
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.
Obama intended the prospect of the fiscal cliff's dramatic mandatory cuts in social programs to extort progressive Congressional Democrats into agreeing to inflict severe austerity by voting in favor of what Obama hoped would be massive cuts in social programs and the safety net adopted by the Congressional «super committee» created by the same bipartisan austerity deal that created the «fiscal cliff.»
The Tuition Fees fiasco lost us trust; subjecting the country to unnecessarily severe austerity goes against our progressive instincts.
«Some ask why we would increase the EU budget when member states face severe austerity.
«Can you create jobs under severe austerity under fiscal consolidation?
The budget deficit in IMF's article four is projected to be 3.8 %, so ladies and gentlemen, next year, let us be assured that there is going to be «ahutsere» — severe austerity equivalent to 1983; you should expect that,» he stressed.
In the current economic environment, severe austerity would be required to achieve a balanced budget in 2019 - 20 and would have serious negative consequences for the economy.
He has indicated he favours a severe austerity programme; ending the indexation of salaries and benefits to inflation, cutting health and education spending and privatising state assets — policies would further weaken the economic situation.
A few years ago, the EU put Greece under a severe austerity program, but it did nothing but anger the Greek citizenry, who then recently elected a left - wing government that promised them a more splendiferous future.