Read all posts for ‘austerity’

  If growth is a dead word in Italian political debate, as discussed in my previous article on Austerity for Growth?, it seems that political and social awareness In Italy is also very low when it comes to sustainability issues. The Green Party disappeared together with the Rainbow Left in […]

  Lean times have fallen on America. Barring a massive political bargain, this year’s federal budget will clock in at below $3.45 trillion, down $150 billion from the previous year (a 4% decrease). Missing are $42.7 billion in defense spending, $28.7 billion in domestic discretionary spending, $9.9 billion in Medicare, […]

Two months after a public debt crisis was declared and with various anti-crisis scenarios in circulation, the budget of Serbia was rebalanced in early June. If the balancing act had been a play, “Much Ado about Nothing” would have been a very fitting title for a great deal of windy […]

We all know that to get more, we need to spend more, and this is usually the way government expenditure works. But in Fiji it doesn’t really matter how much or how little the government spends, because whatever the amount might be, it doesn’t have a huge impact those communities […]

The austerity issue is based on spending less. But if governments spend less, people believe they are being robbed of their jobs and income, and citizens start protesting in the streets. Yet despite severe public spending cuts in Lithuania of a relative magnitude to those in Spain and Greece, Lithuanians […]