Austerity

From The Free Forex Encyclopedia

Jump to: navigation, search

Austerity refers to the government's reduction of spending in order to lower their deficit. Austerity measures, which usually involve wage cuts and tax hikes, are implemented by the government to ensure their creditors that they will be able to pay back their loans.


Related Articles:

Austerity 101

UK's Austerity Measures: Not Enough?

More Austerity for the Euro Zone?

Spain's New Austerity Measures Fail to Impress

Ireland: "Aye" to More Austerity

"People of mediocre ability sometimes achieve outstanding success because they don't know when to quit. Most men succeed because they are determined to."
George Allen
Clicky Web Analytics