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In May, with a budget deficit last year of about 5.3 percent of gross domestic product — well below the annual deficits in Greece, Ireland and Portugal — the government was able to get away with a relatively modest austerity program of 24 billion euros, or about $32 billion.
Outflanked on the left by the SNP, the Labour leader would be under pressure to explain more clearly the modest austerity policies he has promised.A third thing Ms Sturgeon's success in the debate may change is the balance of power within the SNP.
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The Democrats offer a more modest form of austerity, but austerity's exactly what the President last proposed to Congress.
Setting aside a few protected areas, such as the National Health Service, Osborne isn't merely arresting the growth of government programs, which is what modest forms of austerity often amount to: he's cutting them back, often drastically.
She said the SNP had a "fiscally responsible, modest alternative to austerity".
As a result, lawmakers expecting modest drags from austerity instead saw their economies plunge back into a devastating recession.
While the Czech Republic has slumped into a modest recession since 2011, tough austerity measures by the departing government had kept debt levels manageable, and the country's banking sector is stable.
QUESTION FROM OSCARALBEE : Ooh, modest looking bouquet…part of the austerity theme?
"The big opportunity in this election is to make Scotland's voice heard, so we can win an alternative to austerity and see modest spending increases over the next parliament".
But in the context of a continent-wide austerity, imposed by Germany, these modest measures could well consign the French economy to several more years of stagnation.
As we've seen in other developed countries over the past few years, the imposition of austerity policies can easily turn modest recoveries into renewed recessions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com