Decisions or moves that will lead to decisions will be taken today and it is fundamentally crucial that we send a message that policies that affect not only us but the whole of southern Europe, are just not going to pass, This pig-headed insistence on applying austerity measures that worsen recession, that kill hope or any chance of the economy rebounding, are obviously totally wrong.
ATHENS -- In the coming months, important decisions will have to be taken concerning the future of Greece, including the handling of our debt problem as well as whether we will continue to apply austerity policies.
"We appreciate that difficult decisions have to be made, applying to austerity," he says.
Greece faces bankruptcy within weeks if it fails to apply further austerity measures in return for rescue funds from the EU and IMF.
Mr Rajoy's reformist government is desperate, begging for more aid everywhere in Europe as it is applying painful austerity measures.
"The austerity applied in Europe coincides perfectly with the clinical definition of insanity: endlessly making the same mistake and hoping that the result will be different," she said.
Practice austerity and exhibit discipline.
But tougher austerity measures applied elsewhere in Europe, like freezing public pay or making generous family allowances conditional on means-testing, are fraught with political danger.
WASHINGTON — At a moment when the momentum in Washington is driving toward slashing budgets and shrinking government, President Obama argued on Tuesday evening that the politics of austerity, mindlessly applied, would amount to a pre-emptive surrender to China, India and a raft of smaller competitors who are investing while Americans are cutting.
But as the crisis has worn on, it has become the leading domestic and European critic of the austerity policies applied in Greece, which have turned a public deficit of 15.4% of GDP in 2009 into a primary surplus of 0.8% last year.
