Views
Austerity
From The Free Forex Encyclopedia
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:
UK's Austerity Measures: Not Enough?
More Austerity for the Euro Zone?
