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Austerity in sentence

1450 examples of Austerity in a sentence

But this is as unlikely as it is that Europe will figure out that austerity alone will not solve its problems.
On the contrary, austerity will only exacerbate the economic slowdown.
With European leaders wedded to austerity and moving at a glacial pace to address the structural problems stemming from the eurozone’s flawed institutional design, it is no wonder that the continent’s prospects appear so bleak.
Governments could double down on their failed austerity policies.
In Japan, sad to say, that sort of fiscal austerity remains something of a curse.
The greatest blot on her record may be the austerity policies that her government promoted in the European Union after the global financial crisis.
Since then, populists – particularly the governing Five Star Movement/League coalition in Italy – have seized on the painful legacy of austerity for their own political gain.
Needless to say, however, there is a stark contrast between her advocacy of austerity and her decisions at the height of the refugee crisis.
Previous bailout programs failed because they entailed excessive austerity.
People developed these habits on the basis of the experiences of their families and friends: when in debt trouble, one must cut spending and pass through a period of austerity until the burden (debt relative to income) is reduced.
There is a way out of this trap, but only if we tilt the discussion about how to lower the debt/GDP ratio away from austerity – higher taxes and lower spending – toward debt-friendly stimulus: increasing taxes even more and raising government expenditure in the same proportion.
We need to consider such issues in trying to understand why, for example, Italian voters last month rejected the sober economist Mario Monti, who forced austerity on them, notably by raising property taxes.
Once again, Japanese officials made their case for an Asian IMF, an alternative strategy without the pain of IMF austerity and the unaccustomed transparency.
The resulting austerity will hinder Europe’s growth, and thus that of its most distressed economies: after all, nothing would help Greece more than robust growth in its trading partners.
And, with housing prices continuing to fall, GDP growth faltering, and unemployment remaining stubbornly high (one of six Americans who would like a full-time job still cannot get one), more stimulus, not austerity, is needed – for the sake of balancing the budget as well.
Eventually, New York legislators would grudgingly vote to support Arizona, on the condition that Arizona implement a strict and humiliating austerity program, and California would begin to support federal programs that aim to stabilize the “dollar zone.”
Without growth, austerity will become intolerable.
Rising debt/GDP ratios cast a pall over fiscal policy, and became the main justification for austerity policies that prolonged the slump.
When Macron met with German Chancellor Angela Merkel, he offered a plan for ending the cold war between northern and southern Europe – which is to say the tension between advocates of austerity and those in favor of growth policies.
Greece is still barely growing, after experiencing one of the worst recessions in history, although those who blame this on German austerity clearly have not looked at the numbers: with encouragement from left-leaning US economists, Greece mismanaged perhaps the softest bailout package in modern history.
The trigger may have been outgoing Prime Minister George Papandreou’s ill-advised decision to call for a referendum on the EU’s rescue package (which implies further severe austerity measures); but the fundamental problem is that a brutal recession made the government’s demise all but inevitable.
The political leadership of the Baltic states toughed it out, accepting savage austerity to continue on their path toward euro membership.
According to this view, austerity is counter-productive, because it induces slowdowns and recessions that make long-term fiscal consolidation more difficult.
As Greece and others face crises, the medicine du jour is simply timeworn austerity packages and privatization, which will merely leave the countries that embrace them poorer and more vulnerable.
Regrettably, the financial markets and right-wing economists have gotten the problem exactly backwards: they believe that austerity produces confidence, and that confidence will produce growth.
But austerity undermines growth, worsening the government’s fiscal position, or at least yielding less improvement than austerity’s advocates promise.
Economic liberalization, deregulation of capital movements, suppression of subsidies, privatization of valuable public assets (liquidation would be a more appropriate word), fiscal austerity, high interest rates, and repressed demand became the order of the day.
So, if the purpose of austerity was to reduce debt levels, its critics are right: fiscal belt-tightening has failed.
But the goal of austerity was not just to stabilize debt ratios.
In fact, austerity has worked as advertised in some cases.
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