austerity | The European Conservative

Germany: €31 Billion Budget Cut Sparks Disagreement in ‘Traffic Light’ Coalition

Robert Semonsen July 8, 2023

The proposed budget cuts would affect all government departments except defense, labor, and welfare.

Fiscal Forecast: When IMF Destroyed Greece, Part II

Sven R. Larson June 29, 2023

The Greek economy was almost destroyed because politicians prioritized the Greek budget deficit over the Greek economy, and because economists at the IMF were not properly educated.

Fiscal Forecast: Should Hungary Join the Euro?

Sven R. Larson June 8, 2023

Judging from the comments by central bank president György Matolcsy, Hungary could join the euro in 2030 or soon thereafter. Would such a membership be good for Hungary?

Fiscal Forecast America: How to Predict a Debt Crisis

Sven R. Larson May 24, 2023

We will only get one chance to save America from the abyss of a debt crisis. Let us make sure we get it right on day one.

Fiscal Forecast America: How a Debt Default Happens

Sven R. Larson May 17, 2023

Politicians are known for two things: they never do what they should, and they always do what they shouldn’t. First, they do not prevent a debt crisis, then they aggravate it.

Greek Protests Continue Over Deadly Train Collision

Tristan Vanheuckelom March 10, 2023

Demonstrators are calling for the government to urgently address railroad safety, which they claim had been ignored for years.

EU Expects More Greek Reforms

Sven R. Larson August 25, 2022

The Greek government is also expected to complete reforms “by the autumn of this year” in a number of sectors, including the financial system, the justice system, and primary health care.

World’s Largest Economy on the Brink

Sven R. Larson March 26, 2022

A fiscal crisis would force U.S. Congress into unchartered territory. Never in modern history has this legislative body been forced to be austere with its resources. Tax cuts do not work anymore, and you cannot cut taxes when your creditors are running away from your debt. There are only two options: spending cuts, or tax hikes.

Tag: austerity

Germany: €31 Billion Budget Cut Sparks Disagreement in ‘Traffic Light’ Coalition

Fiscal Forecast: When IMF Destroyed Greece, Part II

Fiscal Forecast: Should Hungary Join the Euro?

Fiscal Forecast America: How to Predict a Debt Crisis

Fiscal Forecast America: How a Debt Default Happens

Greek Protests Continue Over Deadly Train Collision

EU Expects More Greek Reforms

World’s Largest Economy on the Brink

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Issue 28, Fall 2023

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