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Where the world answered Lehman Brothers' demise by rallying together, it has now wasted a year fracturing into 100 varieties of austerity.
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Across Europe, politicians have failed to sell skeptical electorates on a variety of austerity measures.
The I.M.F. has suggested a variety of austerity measures, including politically unpopular steps like raising fees for residential heating.
Portugal has passed a variety of austerity measures that include public sector wage cuts, tax increases and a freeze on pension rates.
It explained: In all markets, consumers continue to exercise caution in their shopping habits, as they face the direct impact of a variety of austerity measures linked to the tough economic environment.
It said in a statement: "Consumers continue to exercise caution in their shopping habits, as they face the direct impact of a variety of austerity measures linked to the tough economic environment.
Although politicians in both parties have cited the scope of the deficit while advocating for a variety of austerity measures over the past four years, Goldman's projections indicate that simply allowing the economy to grow will result in significant deficit reduction without painful spending cuts.
The real patriotic cause is to save us all from Brexit, from the damage any variety of Brexit will do, as the grip of austerity inevitably tightens following departure.
"Because of austerity.
Years of austerity loom.
Taming Finance in an Age of Austerity, Project Syndicate, July 8 , 2010
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