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Justifications. Austerity measures are typically pursued if there is a threat that a government cannot honour its debt obligations. This may occur when a government has borrowed in foreign currencies (that it has no right to issue), or if it has been legally forbidden from issuing its own currency.
The United Kingdom government austerity programme is a fiscal policy adopted in the early 21st century following the Great Recession.It is a deficit reduction programme consisting of sustained reductions in public spending and tax rises, intended to reduce the government budget deficit and the role of the welfare state in the United Kingdom.The National Health Service and education have been ...
Austerity: The History of a Dangerous Idea is an overview of the history of austerity economic policy, an explanation of how austerity as a policy works (or, more accurately, does not work), and an examination of austerity policies as they have been implemented in the real world.
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But this arguably inevitable suffering is being greatly magnified by harsh spending cuts; and these spending cuts are a case of inflicting pain for the sake of inflicting pain.
Ireland under austerity: Neoliberal crisis, neoliberal solutions [Colin Coulter, Angela Nagle] on Amazon.com. *FREE* shipping on qualifying offers. Once held up as a 'poster child' for the benefits of untrammeled capitalist globalisation, the Irish Republic has more recently come to represent a cautionary tale for those tempted to tread the same neoliberal path.
Title:1948 Olympics. Programmes, documents and images of the 1948 Olympics. Source: BBC Archive
President-elect Andrés Manuel López Obrador has begun outlining a strict austerity plan that Mexico’s next government intends to implement when it takes office later this year. Slashing the ...
THE IMPORTANCE OF STRATEGIC FINANCIAL LEADERSHIP IN THE UK PUBLIC SECTOR IN A TIME OF FINANCIAL AUSTERITY 7 INTRODUCTION Dealing with the effects of financial