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Greece's two major umbrella unions have called for a rare 48-hour general strike, and several critical austerity measures are coming up for votes in Parliament, including one that would cut 30,000 public-sector jobs.
If the government were to fall in a confidence vote, a finance bill that contains critical austerity measures would be left in limbo, raising the specter of increased economic turmoil.
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While not openly critical of austerity measures like the across-the-board automatic federal budget cuts in the United States, the statement suggested most governments see recovery as too weak to risk reducing spending on unemployment benefits, job training, education and other public sector outlays.
Although not openly critical of austerity measures like the across-the-board federal budget cuts in the United States or the diminished state spending lenders have insisted on in Greece, the statement suggested that most governments considered the recovery too weak to risk reducing spending on unemployment benefits, job training or infrastructure.
During other stops on the promotional tour for his new book, "The Price of Inequality: How Today's Divided Society Endangers Our Future," Stiglitz touched on income inequality, CEO pay and other economic issues, but was particularly critical of austerity measures that cut government spending while raising taxes.
"It's mostly the populist parties that now become ever more critical of the austerity policies".
As state and federal governments face budget deficits, they are cutting critical programs with austerity budgets that will weaken education, health care, essential services and the economy.
In France, the Socialist François Hollande, who has been critical of the austerity-only mind-set championed by Germany, defeated President Nicolas Sarkozy on Sunday.
Italy's debt mountain is so large and the interest rates it's paying are near crippling, that austerity is critical to put investors' minds at rest.
The fund has in the past been highly critical of the coalition's austerity drive.
But in recent years she has been critical of the government's austerity policies and what she sees as its failure to invest properly in child protection.
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