GO
Loading...

Austerity

More

  • "A player on a sports team might prefer a particular strategy, but it's the coach's opinion that matters the most," said DRW Holdings market strategist Lou Brien, in a research note.

  • Lessons for Europe From Reagan's Austerity Measures Tuesday, 5 Apr 2011 | 2:51 AM ET

    Austerity is - to put it bluntly - not going very well for a number of euro zone countries forced to impose measures on their economies and voters.

  • UK's Cameron Wants Europe to Choose Growth  Thursday, 31 Mar 2011 | 1:49 AM ET
    David Cameron

    David Cameron is to write to European Union leaders urging them to adopt a British plan for growth, at a time when some officials fear he is in danger of being sidelined in a two-speed Europe, the Financial Times reports.

  • Ark Royal Goes Up on MoD Auction Site Tuesday, 29 Mar 2011 | 5:34 AM ET
    David Cameron

    The aircraft carrier H.M.S. Ark Royal, taken out of service this year as part of government budget cuts, is being put up for sale online by the Ministry of Defense.

  • It's Now the Bond Vigilantes Vs. the Voters Thursday, 24 Mar 2011 | 3:16 AM ET
    EU building flags brussels

    Austerity and political longevity are clearly not correlated, following the fall of another euro-zone government.

  • Germany Steps Away From European Unity Thursday, 24 Mar 2011 | 2:55 AM ET

    German Chancellor Angela Merkel has deeply strained relations with allies in the European Union and the NATO alliance, raising new questions about Germany’s ability to play a global role in foreign policy, the New York Times reports.

  • Portugal Playing Politics with EU Money? Wednesday, 23 Mar 2011 | 3:12 AM ET

    Portugal is at a crossroads that will determine whether it needs to go cap in hand to the European Union's rescue fund for support, according to Barclays Capital.

  • UK's Osborne to Offer Sweeteners Alongside Cuts Monday, 21 Mar 2011 | 12:38 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    George Osborne will this week offer Budget sweeteners to low earners, motorists and holidaymakers but has made plain there is no scope for giveaways or slackening the pace of cuts, the Financial Times reports.

  • 'Penny Lane' Protests Penny-Pinching UK Friday, 18 Mar 2011 | 3:07 AM ET

    Liverpool residents have voiced their anger at cuts by the government, which will leave them without many public services they relied on. The Financial Times reports.

  • Protesters in Wisconsin Say They Are Staying Put Monday, 21 Feb 2011 | 6:32 AM ET
    Protesters fill the courtyard and steps outside the State Capitol building on February 16, 2010 in Madison, Wisconsin. Protesters were demonstrating against Wisconsin Gov. Scott Walker's proposal to eliminate collective bargaining rights for many state workers.

    Union leaders urged Wisconsin teachers to return to work at schools that are open on Monday, but large protests were expected to continue at the Capitol against a plan to cut collective bargaining rights and benefits to state workers. The New York Times reports.

  • The Case Against Austerity Tuesday, 25 Jan 2011 | 4:15 PM ET
    Demonstrators block a police car on the parking lot of the Madrid transport bus company during the general strike held in whole Spain in Madrid as unions launched a 24-hour general strike all around Spain to protest tough government labor reforms and austerity measures.

    The companion piece to my earlier Case for Austerity— in light of today's dismal economic data from the UK.

  • The Case for Austerity: A Primer Tuesday, 25 Jan 2011 | 3:12 PM ET

    The dismal economic data from the UK today prompted me to discuss the 'austerity debate' in my last post.

  • 'Austerity': The Coming Debate in England—and Beyond Tuesday, 25 Jan 2011 | 12:36 PM ET
    Euro bills

    The question of 'austerity' represents a fundamental schism in worldview among economists.

  • UK Slouches Into Austerity Recession Tuesday, 25 Jan 2011 | 10:22 AM ET
    Police officers hold back demonstrators trying to gain entry to 30 Millbank, the headquarters of Britain's Conservative Party, during a protest in central London.

    The economic numbers out of London this morning are dismal.

  • Europe's Austerity Approach 'Clearly Wrong': Stiglitz Thursday, 6 Jan 2011 | 7:01 AM ET
    Joseph Stiglitz

    The euro zone's strategy of slashing spending to reduce debt in the wake of the credit crisis is "clearly wrong" and is likely to be counterproductive for the region’s economic growth, Nobel prize-winning economist Joseph Stiglitz, told CNBC Thursday.

  • UK Government's Austerity Steps Expected to Pay Off Tuesday, 4 Jan 2011 | 3:00 AM ET
    Big Ben & London Eye

    Britain’s deficit-reduction program will remain on track this year because tax rises and spending cuts will not stunt growth enough to cause a double-dip recession, according to a large majority of economists polled by the Financial Times.

  • Scenes From The European Protests Thursday, 9 Dec 2010 | 12:27 PM ET
    Austerity measures have been a major point of tension between European governments and their population, often resulting in violent clashes. Over the past several months, coordinated demonstrations have been held in nearly every European nation, protesting everything from taxes and a rising retirement age to cuts in benefits and inflated student costs. Here are scenes from the past several months of European protests, including the most recent demonstrations in the UK.

    Austerity measures have been a major point of tension between European governments and their population, often resulting in violent clashes.

  • Is Britain Really That Broke? Monday, 1 Nov 2010 | 6:32 AM ET

    Any country that has spare cash to throw at buying millions of pumpkins that will never get eaten and hundreds of millions on tickets for a group more middle of the road than cats-eyes, clearly has more money than sense.

  • Scenes from the French Protests Tuesday, 19 Oct 2010 | 11:54 AM ET
    As European austerity measures take shape, protests that have real economic impact and at times turn violent are erupting country-by-country. In France, the response to the government’s plan to raise the retirement age from 60 to 62 has sparked nearly a week of national strikes and protests, causing major problems for airports, gas stations, public services and police forces. With the French Senate set to vote on Wednesday on final changes to the pension system, scores of protesters are taking t

    In France, the response to the  government’s plan to raise the retirement age from 60 to 62 has sparked nearly a week of national strikes and protests. Click for photos.

  • Extending Bush Tax Cuts Hurts the Wealthy: Soros Monday, 11 Oct 2010 | 4:45 PM ET

    Letting the Bush tax cuts expire for wealthy American hurts, not helps, them, because it keeps the US from having a vigorous economy, billionaire financier George Soros, head of Soros Fund Management, told CNBC Monday.