Sentence examples for significant austerity from inspiring English sources
He said the higher target still represented "significant austerity".
Greece has already agreed to significant austerity measures and continues to suffer through a revenue-crimping recession for its trouble.
The Greek parliament has passed a significant austerity package, despite the unrest that has shaken the country and left a number of Greek citizens debt.
"I see the downgrade as a response to the continued deterioration of Greece's fiscals and the need for further significant austerity measures," said Peter Chatwell, a fixed-income strategist at Crédit Agricole in London.
Good numbers on European austerity programs are hard to come by, but the FT has a useful interactive graphic: It's not comprehensive, I think, even for the countries it covers — for example, Portugal actually imposed significant austerity in 2011, even if it fell short of the IMF program.
"I'm backing austerity and aim to reduce the deficit from 8.5 percent to 5.8 percent; that's significant austerity," Mr. Rajoy said after a two-day summit meeting in Brussels ended Friday, adding that he did not consult other European leaders about a step he described as a "sovereign decision by Spain".
During the last period of significant fiscal austerity in the 1990s even more jobs were lost, but these were fully absorbed by a vibrant private sector.
Any decisions to increase spending or cut taxes in the short run should be taken in the knowledge that significant further austerity after 2020 looks to be on the cards".
It leaves in place significant short-term austerity while doing nothing to change the long-term trajectory of debt.
Citing the election results in France and Greece, which saw significant votes against austerity measures, and Unison's recent rejection of reforms to NHS pensions, Serwotka says the tide is turning against the UK government.
But it is also an opportunity for the two main parties to cooperate to provide what Portuguese voters clearly want: a significant easing of austerity, now that the worst seems to be over.
