Dictionary
Consolidation
noun
The act or process of consolidating, making firm, or uniting; the state of being consolidated; solidification; combination.
synonyms
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The end of this struggle will only bring a stronger and closer consolidation of the Dual Empire.
When the governor says that "sustained fiscal consolidation" has been a "headwind" slowing the UK economy and will continue to be so for the next few years, he is, albeit euphemistically, saying that austerity has been, and will continue to be, bad news for economic growth.
The Greek government wants a fiscal consolidation path that makes sense, and we want reforms that all sides believe are important.
That consolidation, which occurred in January 2012, eventually resulted in the company was told in July 2013 to rewrite its privacy policy or face sanctions.
He warned there was no precedent for a minority government delivering a fiscal consolidation, raising the prospect both parties would face a backlash.
Fiscal policy is neither being aimed at supporting growth and jobs nor fiscal consolidation.
This should ensure a competitive proposition into the long term in a market that is likely to see further consolidation in time.
Second, we need a comprehensive, commonly agreed reform agenda that will underpin that consolidation path and inspire the confidence of Greek society.
When fiscal consolidation turns on a predetermined debt ratio to be achieved at a predetermined point in the future, the primary surpluses needed to hit those targets are such that the effect on the private sector undermines the assumed growth rates and thus derails the planned fiscal path.
Users were not given the ability to opt out of the consolidation.
It recommended the government "continue to pursue the medium-term fiscal consolidation path" while letting in-built stabilising mechanisms kick in as necessary and it urged ministers to ensure further cuts are "fair".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com