Europe's ruling elite has passed the full burden of the2008 financial crisis onto the working population through austerity policies which have devastated Italy.
The austerity measures in many countries- mostly in southern Europe- have combined tax rises with cuts in salaries, pensions, benefits and social services.
日本でこの緊縮政策の実験は、橋本龍太郎首相(1996-1998年)のときに始まる。
Japan's first experiment in austerity policies began under Prime Minister Ryutaro Hashimoto(1996- 98).
一つの好例は、緊縮政策の結果、社会的インフラが崩壊しつつあるラトビアだ。
A good example is Latvia,where the social infrastructure is now collapsing as a result of the austerity measures.
The austerity measures imposed on the Greek people by the European Union, the IMF and the Greek government led to a reduction in the economy by 25 percent.
The 13 page document outlining government reform and austerity proposals is slated to be used in negotiations with Greece's creditors over the weekend.
緊縮政策の結果、ギリシャの人びとの収入は2007年から2012年の間に五分の一に減少した。
As a result of austerity, Greek incomes shrank by a fifth between 2007 and 2012.
As unions build a European-wide day of action against austerity policies on September 29, Spain's national trade union centers CC. OO and UGT are preparing for a national general strike on September 29.
In context,many Latin American countries have been subject to austerity measures, impacting education, as the case is in Argentina, Colombia, and Brazil, which has ignited multitudinary protests from all sectors of society.
This was a big mistake,but it pales by comparison with Europe's hugely destructive austerity policies, or the collapse in infrastructure spending in the United States after 2010.
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