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Tag: austerity

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.

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Issue 25, Winter 2023

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