Austerity in Europe

Europeans are braced for a new age of austerity as governments across the region take action to eliminate unsustainable budget deficits

Brussels criticised over crisis bailouts

European Commission treated countries differently, say auditors


Nicola Sturgeon, Scotland's First Minister and leader of the Scottish National Party (SNP) gives a thumbs up after addressing delegates on the first day of the SNP conference in Aberdeen on October 15, 2015. Boosted by an electoral triumph and a membership boom, the Scottish National Party opened its annual conference today with ambitions simmering to break away from the United Kingdom one day. AFP PHOTO/ANDY BUCHANANAndy Buchanan/AFP/Getty Images ©AFP
The first minister needs to prove her actions can match her rhetoric
– FT View
Britain’s councils are more efficient but now face serious challenges
– FT View
A government insistent on cutting debt should not make it worse with bungs for wealthy savers

Portugal PM vows to roll back austerity

António Costa says future is about innovation, not working longer

©Charlie Bibby

Osborne on course to miss deficit target

Forecast will be breached without a bumper final quarter

August 2015, cityscape of Liverpool, HDR-technique

Austerity hits Liverpool devolution plans

Extra money city is to receive will not cover council grant cuts

Forecasts: Osborne faces cuts hurdles

Chancellor will struggle to achieve his goal of a budget surplus

Bailout tests Portuguese austerity pledge

New socialist PM comes up against harsh financial realities

©Susan Wright

Austerity fanning populism, says Renzi

Italy’s PM hits out at what he sees as German double standards

Scottish budget criticised as too austere

Critics decry SNP cuts to council funding

Greece approves 2016 budget

153 votes for, compared with 145 against after bitter debate

Thousands of Greeks march against cuts

Pension curbs and tax rises stoke austerity backlash

Ireland warned over spending boost

Regulator says Dublin risks repeating financial crisis mistakes

Osborne says austerity not over yet

Chancellor insists billions must still be cut from public spending

Public sector austerity gathers pace

Civil service to shrink to smallest since second world war

Devolution distances Westminster from cuts

No big shrinkage in state but power shifts to cities

France slams Brussels on budget warning

Brussels says Paris budget efforts fall short of recommended level

General strike brings Greece to standstill

Thousands of public sector employees and jobless people take part

Finance minister defends Italian budget

Government deserves to benefit from eurozone flexibility clauses

EU alert on Spain and France budget target

Madrid expected to miss fiscal limit by more than expected and Paris forecast to miss deadlines

Portugal faces months of upheaval

Concerns centre-left parties could partner anti-austerity groups

Disrupters rattle Europe’s old order

The postwar consensus that nurtured stability has crumbled