The austerity regime
caused the ordinary Nigerian no small hardship.
Under an austerity regime
, the elites do quite well, and they are not; likely to yield without; a fight.
As the coalition Government imposed an austerity regime
across the UK in the spending reviews of 2010 and 2013, a technical detail of the Barnett formula meant that devolved administrations were spared cuts totalling around PS600m in Scotland and PS200m in Northern Ireland, compared with if they were treated in the same way as England and Wales, found the Institute for Fiscal Studies (IFS).
The current austerity regime
- a lattice of reduced public spending, welfare benefit restrictions and sanctions, together with precarity and escalating living and housing costs - is effecting an economic squeeze on families, and particularly on families with low incomes, single-parent families, families with disabled children, large families and families who are precariously housed.
It was rescued from the brink of bankruptcy in March by an EU bailout which saw its banking sector almost decimated while imposing an austerity regime
and drastic curbs on public spending.
In Spain, where economic growth is occurring only in the export sector, there is little suggestion the economy has been genuinely fixed by this protracted austerity regime
Treasury minister Sajid Javid, tipped as a future Tory leader, is at the forefront of the austerity regime
as one of the Chancellor's key ministers.
To tackle this, the Commission has relaxed the austerity regime
imposed on Madrid and gave it two extra years, until 2016, to bring the deficit below 3%.
Such an approach would still give German policy its ultimate goal but in the interim relieve these nations of the need for especially intense austerity and so lift the worst political pressure on national leaders cooperating with the austerity regime
Two-thirds of the Greeks are keen to stay within the euro zone, but they all want out of the austerity regime
that is strangling them.
We shouldn't have reached this point," said Socialist Pasok leader Evangelos Venizelos, who personally negotiated the rescue package from the European Union and IMF which the hard left says has imposed too harsh an austerity regime