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PARIS — Countries in Europe are tightening their budgets and imposing austerity measures.
And all have sharply cut state budgets, imposing austerity measures during a recession.
In the future, the priority must be promoting investment, not imposing austerity.
The Socialist government of José Luis Rodríguez Zapatero is imposing austerity from above, and a stagnant economy produces few taxes.
It has cost the exchequers of both countries billions, at a time when both are imposing austerity at home.
The Frankfurt protesters focused on the ECB's role as part of the dreaded "troika", imposing austerity in Greece as elsewhere.
They had to choose between imposing austerity to maintain the standard or repaying creditors in devalued currency.
But as enforcer of budget discipline, he has bloodied himself as much as he succeeded in imposing austerity.
He introduced a new shekel, pegging it to the dollar, while imposing austerity and wage and price controls.
Mr Renzi, from Italty's centre-left Democratic Party, has governed under a right-wing programme, scrapping workers' rights regulations and imposing austerity cuts.
The two officials argued for restraint in imposing austerity programs now, advocating the adoption of fiscal reforms that will have their largest impact in later years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com