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Home›Topics›Austerity
My dad was preparing me for a life in Knowsley and Huyton, one of the highest unemployment rates in the country. A Labour heartland that becomes austerity heartland when the Tories are in power. Your options aren't the same as in Chelsea and Westminster, where my son was born.Joey Barton
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UnemploymentCountryBorn
Joyce for all his devotion to his art, terrible in its austerity, was a lad born with a song on one side of him, a dance on the other; two gay guardian angels every human ought to have.Sean O'Casey
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BornAngelsTerrible
Despite my deep misgivings about austerity and the harm it would do, I agreed to chair the national infrastructure commission under a Tory government, because I believed that delivering infrastructure investment could help build a brighter future for businesses and families. I am a pragmatist. I do what works.Andrew Adonis, Baron Adonis
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BelievedBusinessesFamilies
A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.Ray Dalio
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WordsDebtIn Other Words
Austerity policy without currency devaluation can only hamper economic growth.Lou Jiwei
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CurrencyHamperGrowth
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.Lou Jiwei
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GrowthGrowEconomic
The idea that we're going to austerity ourselves into prosperity is so mistaken, and honestly, I feel like one of the big problems we have is that, because Democrats don't have a deep understanding of or degrees in economics, they allow Wall Street folks to roll in the door and think that they're giving them an education.Alexandria Ocasio-Cortez
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WallUnderstandingDoor
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe.Joseph Stiglitz
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EuropeEconomyEconomic
The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.Bill Gross
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BelievingAlmost AllSpending Money
When the banks crashed the global economy in 2007-08, it was they who received a bailout while the rest of us got austerity.David Olusoga
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GlobalReceivedBanks
When we see the banks get bailed out with seemingly no consequences while ordinary people pay the price with job and wage cuts through austerity measures, who could blame a person for wondering where the loyalties of their elected leaders really lie?Sharan Burrow
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PriceElectedOrdinary
Neoliberalism is hard to define. It could refer to intensified resource extraction, financialization, austerity, or something more ephemeral - a way of life - in which collective ideals of citizenship give way to marketized individualism and consumerism.Greg Grandin
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ReferIndividualismEphemeral
The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.Andrew Ross Sorkin
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DevelopPoliticallyInvestors
It is time to recognise that austerity alone condemns not just Greece but the whole of Europe to the probability of a painful and protracted era of little or no economic growth. This would be a tragedy not just for Greece and for Europe, but for the world.Charles Dallara
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EraRecogniseGreece
Having done a Dogme film taught me the beauty of simplicity and austerity.Susanne Bier
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Simplicity
I came from a lower-middle-class postwar family in a time of austerity and retrenchment, with no one in the family who was in any way artistic or a potential mentor to a budding writer, and yet this is what I became.Graham Swift
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MentorBuddingPotential
Small charities deserve a bigger political voice and politicians need to hear us. Many of us are working on the margins - not of the third sector, but of society. In an age of austerity, our experience and policy advice has never been more important.Wes Streeting
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ThirdSectorCharities
When, in 2015, Greece decided by referendum to reject Brussels' austerity plans, the European Union's antidemocratic response took no one by surprise: To deny the people's will had become a habit.Marine Le Pen
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EuropeanResponsePlans
We are not jumping on the austerity bandwagon. A healthy economy is by far the most important thing for Social Democrats.Helle Thorning-Schmidt
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BandwagonHealthy EconomyImportant Things
If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.Antonis Samaras
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MeasuresRecessionImposition
The TUC's new slogan 'a future that works' sets a profound challenge. Austerity and rapid deficit reduction is failing in its own terms, but even at its best it is short-sighted, muddle-through politics with no vision of a new economic model.Frances O'Grady
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ProfoundFailingShort-Sighted
There is a danger for Britain as we perceive ourselves, or as we are - less wealthy, facing economic austerity - that we essentially draw back. I think there is a recoil in parts of the country, and in parts of the government actually, from the multilateral system, and I think that's dangerous and wrong.David Miliband
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BritainEssentiallyDraw
Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out - even if a country can print its own currency and write its own cheques.Bill Gross
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LeadsExtentBond
With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.Joseph Stiglitz
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FailedSharedRules
Austerity and Brexit are two sides of the same coin, like the Brexit party and the Tories.Andrew Adonis, Baron Adonis
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ToriesPartyBrexit
In the face of postwar austerity, hundreds of brides-to-be across the country sent Princess Elizabeth their clothing coupons so that she could have the dress of their dreams.Hamish Bowles
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HundredsDressClothing
As we leave the E.U., the U.K. can turn its back on the austerity policies that have been the hallmark of the euro area.John Redwood
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HallmarkAreaPolicies
Even in a time of fiscal austerity, education is more than just an expense.Arne Duncan
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ExpenseFiscal
Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business. - Carlos Slim
Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.Carlos Slim
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EfficiencyProfitabilityManagement
If we had powers in our own hands we wouldn't have cruel Westminster policies foisted upon us. So that's the message - independence is absolutely linked to the cost of living crisis, or austerity or the fact that our economy has suffered because of Brexit.Humza Yousaf
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CostPowersSuffered
But the fact that we had to devalue by 40% at once means that Malawians are feeling the shock, the impact of that huge devaluation and particularly rural people, the poor are the ones that are going to be most affected. That is why there is the austerity plan.Joyce Banda
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PoorPlanImpact
Systematic social and environmental deregulation, and the economics of austerity while enriching the rich, will be the markers of Farage/Tory politics after Brexit. Singapore-on-Sea for the rich; degradation for the rest.Andrew Adonis, Baron Adonis
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EconomicsSystematicDegradation
The flaw in, say, austerity, is that its success is predicated on the relative exactitude of math rather than the shifting, liquid imperfection of people's lives.Steven Weber
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FlawSuccess IsImperfection
I grew up in austerity in the 1940s and 1950s.David Hockney
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1940S1950S
The cruel realities of austerity and Brexit mean that life is chaotic, expensive and the road ahead is littered with obstacles.Luciana Berger
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RealitiesChaoticRoad
I have dealt with a pretty interesting mix of young people, many of whom have never been involved in any form of politics at any level who are interested in alternatives to austerity and debt, and older people who left the Labour party, mainly over Iraq, who are coming back in.Jeremy Corbyn
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Young PeopleDebtLabour Party
The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster.Eliot Spitzer
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DisasterResultsEurope
If we want to end austerity, if we want to protect jobs and livelihoods and if we want to hold multinational corporations to account, then we need to stay in the single market.Wes Streeting
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CorporationsLivelihoodMultinational
In difficult economic times, I'm firmly opposed to austerity.Jagmeet Singh
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FirmlyEconomic TimesOpposed
I think it's essential that we do more than talk about austerity measures and cutting.Todd Young
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EssentialCuttingMeasures
Americans have always been able to handle austerity and even adversity. Prosperity is what is doing us in.James Reston
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ProsperityAdversityHandle
Austerity need not be Europe's fate.Francois Hollande
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Fate
Never has a strong, responsible trade union movement been so needed. With austerity policies biting hard and with no evidence that they are working, people at work need the TUC to speak up for them now more than ever.Frances O'Grady
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TradePoliciesEvidence
First of all, I don't like to speak about austerity. I'd prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies.Mario Monti
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In The EndDisciplineFirst Of All
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.Mark Zandi
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FiscalRestrainRaising Taxes
There is no austerity equal to a balanced mind, and there is no happiness equal to contentment; there is no disease like covetousness, and no virtue like mercy. - Chanakya
There is no austerity equal to a balanced mind, and there is no happiness equal to contentment; there is no disease like covetousness, and no virtue like mercy.Chanakya
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VirtueMercyContentment
Austerity is not part of the European treaties; democracy and the principle of popular sovereignty are.Alexis Tsipras
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PrincipleSovereigntyTreaties
As a Scandinavian, I like hopelessness and the weird austerity in the hopelessness of things.Johan Renck
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HopelessnessScandinavianWeird
The idea of the mystic solo, meditating away on his own, is only one path of yoga. Very early on, I chose the path of Life. One path is austerity and isolation, the other is Life. But they both lead to the same place.Donovan
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ChoseYogaSolo
We need an approach to Brexit that will help us end austerity, rather than prolonging it. That is why I will continue to fight to keep Britain in the single market after we leave the European Union.Wes Streeting
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BrexitUnionEuropean Union
Since the crash of 2008 and during the neoliberal retrenchment known as austerity, many commentators have muttered that the left is dead, watching social democrats in their timidity lose elections and respond by becoming ever more timid and neoliberal. They deserve their defeats.Guy Standing
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DefeatsTimidDeserve
The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.Meredith Whitney
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MarketsAddressShift
The seminaries must be like the churches' poor relations, prolonging their existence with austerity.Abraham Kuyper
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ExistenceRelationsChurches
The human cost of austerity goes far beyond the period in which a country's economy endures those methods.Dawn Foster
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MethodsPeriodCost
For decades, life expectancy steadily rose in Britain: and then, suddenly, just as the Tories took power and imposed austerity, this improvement ground to a halt.Owen Jones
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SteadilyRoseLife Expectancy
Pope Francis has stressed humility and austerity - a far cry, according to many, from the predecessor's bling and Ferragamo shoes - those were pretty entertaining. And he's translating all of that into a policy agenda.Ronan Farrow
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AgendaEntertainingStressed
Chhath is made up of two Hindi words - 'Chah,' indicating six stages and 'Hath' representing the act of austerity. The vratti observing this strict fast is believed to acquire solar energy in six different stages. It is one of the most scientific puja known to mankind and offers a host of health benefits.Amrapali Gupta
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StrictScientificDifferent Stages
Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery. - Alistair Darling
Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.Alistair Darling
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RisksRushRecovery
In the U.S. the powerful critics of austerity such as Paul Krugman and Robert Reich rightly identify the decline of 'labor' as a problem, and renewing trade unionism part of the solution. Our opportunity is to make the same case in the UK.Frances O'Grady
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LaborPart Of The SolutionTrade
People are increasingly frustrated that decisions taken further and further away from them mean their living standards are slashed through enforced austerity or their taxes are used to bail out governments on the other side of the continent.David Cameron
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GovernmentsFurtherIncreasingly
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