Exact(7)
Austerity governments have returned to power in neighbouring Latvia and Estonia, which experienced similar deep crashes and slow recoveries.But in Lithuania the picture is more mixed.
But in a time of fiscal austerity, governments and publics won't for long accept that it's inevitable that more money doesn't translate into better outcomes.
Its call in effect for more austerity – governments must "redouble their efforts" to ensure fiscal sustainability - seems quixotic given the damage that overzealous fiscal tightening did in southern Europe over the past couple of years.
Second, there is Åslund's claim that Latvians have supported austerity and will re-elect austerity governments – as evidenced by the return of the austerity party, Vienotiba, to power in the October 2010 elections.
Austerity governments of all stripes chip away at welfare, working conditions, union rights, community funding, social housing, etc.
That's because in our age of austerity, governments are spending less money on higher education, shifting the burden of paying for college onto students.
Similar(53)
Busy collapsing, busy watching its services fall apart, ruled now by an aggressive new austerity government.
The old Gove was cheerleader for the austerity government that has decimated local government and public sector entities.
Yet in an age of neoliberal austerity, government funds are either shrinking or nonexistent, especially in developing countries.
Neither wing of this avowed austerity government is any longer prepared to accept the consequences of its own fiscal arithmetic.
Interestingly, while the British government has proclaimed a policy of austerity, government consumption over the last year has grown faster than private consumption while capital investment has fallen.
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