Sentences with phrase «severe austerity program»

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.

Not exact matches

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.»