Sentence examples for austerity level from inspiring English sources
In another signal that the global battle against AIDS is falling apart for lack of money, the Global Fund to Fight AIDS, Tuberculosis and Malaria failed on Tuesday to reach even its lowest "austerity level" fund-raising target of $13 billion — the amount it had said it needed just to keep putting patients on treatment at current rates.
In a highly symbolic move, the minimum wage and unemployment benefit will return to their pre-austerity levels.
Around a quarter of the workforce is officially unemployed — a twofold increase from pre-austerity levels — and for those under twenty-four years old, unemployment rate hovers around half.
But the United States has also seen unprecedented austerity at the level of state and local governments, and this austerity has slowed the job recovery.
Translation: Germany isn't imposing Greek-level austerity, which proves that we're flexible!
"The falling fertility rate is a natural consequence of harsh austerity and record levels of unemployment, especially among the young," said Christina Papanikolaou, general secretary at the health ministry.
Its economy ravaged by six years of internationally mandated austerity and record levels of unemployment, Greece's coping strategies are markedly strained.
The economy still faces the problems of heavily indebted consumers, moribund home sales, and fiscal austerity at all levels of government.
More than four years into debt-stricken Greece's prolonged economic crisis, many described the step as the height of humiliation for a nation already hit by excoriating austerity and record levels of poverty and unemployment.
And when one steps back and looks at the dynamics in play, it becomes clear that the robotic push for national-level austerity across the euro zone is undermining integration and thereby exacerbating the crisis.
Otherwise, we're talking about Greek-level austerity or worse in an economy whose fundamentals, thanks to the implosion of offshore banking, are much worse than Greece's ever were.
