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Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures.
"Austerity" turned out to be the word most searched for in the Merriam-Webster online dictionary in 2010. The term means having "enforced or extreme economy." And it's the opposite of that very ...
In honor of the Merriam-Webster dictionary naming "austerity" as its most-referenced "word of the year" for 2010 -- it means "enforced or extreme economy" by the way -- WalletPop has compiled a ...
What the Reinhart–Rogoff affair shows is the extent to which austerity has been sold on false pretenses. For three years, the turn to austerity has been presented not as a choice but as a necessity. Economic research, austerity advocates insisted, showed that terrible things happen once debt exceeds 90 percent of G.D.P.
Austerity is also described as “a condition of enforced or extreme economy” [1]. Here, austerity refers to the reduction of investment, as well as expenditure in general, by the state due to an economy in jeopardy. Recent episodes of austerity are often linked with neoliberalism, which is the latest form of capitalism.
The chancellor maintained the triple lock, meaning state pensions will rise by 8.5 per cent. ... So does it mean austerity ahead? Ian Mulheirn, an economist at the Resolution Foundation think tank ...
Austerity is a policy of deficit-cutting, which by definition requires lower spending, higher taxes, or both. Austerity or Austere may also refer to: Music.
Candidate Pier Luigi Bersani won enough votes in the Italian election to control a part of parliament. Aged and oft-elected prime minister Silvio Berlusconi took defacto control of the senate.