Sentence examples for a severe austerity from inspiring English sources

All of which reflects an emerging view, although it has not yet been officially stated, that it makes little economic sense for the monetary fund and the European Union to keep lending money to Greece so that the government can pay back private investors at double-digit interest rates — especially as Greek citizens suffer the effects of a severe austerity program.

Speaking at a conference in Latvia, Mr. Asmussen noted that the Baltic country, which ties its currency closely to the euro, responded to a crisis in 2008 by pushing through a severe austerity program quickly and coupling it with economic overhauls.

A less severe austerity program, coupled with a lower interest rate on Greek bonds, would have made the Greek public debt much more sovereign.

King said at the time there was a need for severe austerity measures to prevent a Greek-style sovereign debt crisis in Britain, in apparent contrast to Labour's less draconian plans.

The lavish banquet was certain to be an affront to those suffering in a time of severe austerity, but it was reported in the L'Ami du peuple and other firebrand newspapers as nothing short of a gluttonous orgy.

Cleaning and painting them in a period of severe austerity can easily be neglected.

Two years ago the Greeks needed a reason to smile more than most, with their football success being played out against a backdrop of severe austerity measures at homeand little sympathy from their wealthier European neighbours.

To ameliorate the situation the old Republic maintained a policy of severe austerity during the century, especially economizing on its defense outlays (which in large part explains why its military and political role declined so much).

The summit sought to square the circle of how to boost growth in an age of severe austerity packages that are beginning to hit the real economies of Europe in the form of soaring unemployment, shrinking GDP and lack of credit getting through to businesses and households.

MARKET OVERVIEW The housing market, like the rest of the economy, is in turmoil, resulting from a crash followed by severe austerity measures.

Spanish leaders, facing a debt crisis and severe austerity measures, welcomed the rare bit of good news with relief and cautious optimism.