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In fact, Ireland's fiscal tightening that year amounted to even more, 4.5% of GDP.
With so much extra money now going into the health service, the case for tightening that grip might appear unanswerable.
Will it avert a $250 billion fiscal tightening that was going to hit the economy without any action.
There is certainly nothing today that will be seen as a potential substitute for the monetary tightening that is coming.
Some think that it may now have completed the monetary tightening that started last August, when the base rate went up from 4.5% to 4.75%.
But it was the direction the Fed was taking — its decision to maintain an expansive monetary policy through "quantitative easing," rather than to begin monetary tightening — that was most striking.
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11 belt-tightening that has put a damper on the museum's dreams of expansion.
The Christmas party has been making a comeback after the corporate belt-tightening that followed the financial crisis.
While those results beat analyst expectations, they were bolstered in part by a round of belt-tightening that included cutting compensation and even the use of car services.
The recent economic progress merely made up for ground lost during the plunge that accompanied independence and the painful belt-tightening that followed.
A decline in sales led to the sort of belt-tightening that occurred all over, and Mr. Johnson, who could be replaced with a lower-paid employee, was an easy target.
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Justyna Jupowicz-Kozak
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