#austerity-measures

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European countries, trailing U.S. economy, hike taxes and trim spending

Europe's biggest economies are struggling with sluggish growth and high debt, impacting their annual budgets.

Elon Musk Says That If Trump Wins, He'll Cause the Economy to Crash

Elon Musk warns that drastic economic measures under Trump may cause short-term hardship but claims they will lead to long-term prosperity.
#argentina

Milei is taking a chainsaw to the Argentine state

Javier Milei's presidency is marked by drastic austerity measures, including severe cuts to public services and a significant rise in military spending.

Poverty in Argentina soars to over 50% as Milei's austerity measures hit hard

Milei's austerity measures have exacerbated poverty to nearly 53% in Argentina, affecting millions severely.

Argentina's poverty rate soars past 50% under Javier Milei DW 09/27/2024

Javier Milei's austerity measures have led to a record high poverty rate of 52.9%, attributed to previous governments by his administration.

Argentina: Yearly inflation hits 290% as monthly rate slows DW 05/15/2024

Inflation in Argentina has slowed for the fourth consecutive month, despite high annual rates, under the austerity measures by President Javier Milei.

Argentina: Yearly inflation at almost 300% DW 05/15/2024

Inflation in Argentina slowing for fourth month, despite high rates, attributed to President's austerity measures.

Milei is taking a chainsaw to the Argentine state

Javier Milei's presidency is marked by drastic austerity measures, including severe cuts to public services and a significant rise in military spending.

Poverty in Argentina soars to over 50% as Milei's austerity measures hit hard

Milei's austerity measures have exacerbated poverty to nearly 53% in Argentina, affecting millions severely.

Argentina's poverty rate soars past 50% under Javier Milei DW 09/27/2024

Javier Milei's austerity measures have led to a record high poverty rate of 52.9%, attributed to previous governments by his administration.

Argentina: Yearly inflation hits 290% as monthly rate slows DW 05/15/2024

Inflation in Argentina has slowed for the fourth consecutive month, despite high annual rates, under the austerity measures by President Javier Milei.

Argentina: Yearly inflation at almost 300% DW 05/15/2024

Inflation in Argentina slowing for fourth month, despite high rates, attributed to President's austerity measures.
moreargentina
#uk-politics

Britain's Prime Minister, Bruised by a Dispute Over Freebies, Badly Needs a Reset

Starmer's Labour Party won a majority with only 34% of the vote, and he must shift tone to regain public favor amidst austerity.

Why did Starmer cut the winter fuel allowance? It's called Treasury brain and that spells trouble | Rafael Behr

The Treasury holds significant power over government decisions, impacting the Labour party's agenda.

Watch live: MPs debate winter fuel payment cuts for millions of pensioners

The Labour government is facing backlash over plans to cut the winter fuel allowance, with calls for a delay from several party members.

Tories' 14 years in power will be remembered for Brexit, cuts and chaos

Austerity measures under Conservative rule had a significant impact on the UK economy and welfare system.

Britain's Prime Minister, Bruised by a Dispute Over Freebies, Badly Needs a Reset

Starmer's Labour Party won a majority with only 34% of the vote, and he must shift tone to regain public favor amidst austerity.

Why did Starmer cut the winter fuel allowance? It's called Treasury brain and that spells trouble | Rafael Behr

The Treasury holds significant power over government decisions, impacting the Labour party's agenda.

Watch live: MPs debate winter fuel payment cuts for millions of pensioners

The Labour government is facing backlash over plans to cut the winter fuel allowance, with calls for a delay from several party members.

Tories' 14 years in power will be remembered for Brexit, cuts and chaos

Austerity measures under Conservative rule had a significant impact on the UK economy and welfare system.
moreuk-politics
#economic-recovery

Sri Lanka votes in first election since financial meltdown

Sri Lanka's election is crucial for its economic recovery post-financial crisis, with strong implications for foreign investments and governance.

Portugal is no longer a problem for Europe

Portugal emerges as a diligent student in Southern Europe, with decreasing public debt, high budget surplus, record-breaking tourism, low unemployment, and shrinking inflation.

Sri Lanka votes in first election since financial meltdown

Sri Lanka's election is crucial for its economic recovery post-financial crisis, with strong implications for foreign investments and governance.

Portugal is no longer a problem for Europe

Portugal emerges as a diligent student in Southern Europe, with decreasing public debt, high budget surplus, record-breaking tourism, low unemployment, and shrinking inflation.
moreeconomic-recovery

Women in UK will be worse off than in 2010 unless public spending rises'

Rachel Reeves must increase public spending in the next budget to support women affected by austerity and declining living standards.

Need to Tell a Story': Why U.K.'s Leader Faced a Revolt Over a Retiree Benefit Cut

Keir Starmer's first major parliamentary rebellion highlighted discontent over austerity measures within his government, particularly concerning a winter heating payment policy.

Video. WATCH: Milei's pension Increase veto sparks nationwide protests

The vetoed bill would have significantly improved retirement benefits but was blocked, leaving pensions insufficient amidst high inflation.
#economic-growth

Los rezagados economicos de Europa ahora lideran su crecimiento

Southern European nations are now growing faster than traditional economic powerhouses like Germany, reshaping the economic dynamics of the Eurozone.

France Will Cut Spending as It Sees a Weaker Economy Ahead

France faces significant government spending cuts due to economic challenges.
Lower-than-expected economic growth in France necessitates austerity measures to reduce deficit.

Los rezagados economicos de Europa ahora lideran su crecimiento

Southern European nations are now growing faster than traditional economic powerhouses like Germany, reshaping the economic dynamics of the Eurozone.

France Will Cut Spending as It Sees a Weaker Economy Ahead

France faces significant government spending cuts due to economic challenges.
Lower-than-expected economic growth in France necessitates austerity measures to reduce deficit.
moreeconomic-growth

Living hand to mouth': Record number of police officers turning to foodbanks

Police officers struggling with food poverty, turning to foodbanks due to stagnating wages.
Morale low and staff leaving as one in five officers plan to quit in the next two years.

Birmingham council poised to vote on 21% tax hike

Birmingham City Council may impose substantial tax increases and severe cuts to public services.
Council has faced financial difficulties leading to special permission for tax hikes.

Eric Adams' blame shifting: Asylum seekers aren't the source of New York City's homelessness crisis

New York City faces a worsening homelessness and migrant crisis as federal COVID aid and tax revenues decline.
The delay in processing cash assistance and SNAP applications could leave thousands of vulnerable residents at risk of eviction and homelessness.
The Mayor's Management Report shows a decline in building maintenance and service delivery in the city.

Covid inquiry to finally lay bare failure of government and politicians in pandemic

UK Covid-19 Inquiry published the report highlighting failures in pandemic preparation, including focusing on flu instead of coronavirus.

Britain Election Winner's First Problem: Fix a Stagnant Economy

Britain's economy showing signs of recovery post-recession, but challenges remain with slow growth and strained public services.
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