Austerity in Europe

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

France set to freeze welfare payments

Part of plan to cut public spending by €50bn


OECD study offers no one-size-fits-all recommendations
Tory and Liberal Democrat visions of austerity to come
Managing the UK’s recovery will prove just as important

Nearly 1m use food banks as demand triples

Charity cites ‘static incomes and rising living costs’ as factors

France backtracks over EU deficit target

Paris sticks to commitment to cut figure to 3% in 2015

Growth shows IMF ‘wrong’, says Osborne

Chancellor to use Washington speech to round on critics

Renzi cuts Italy growth forecast to 0.8%

New PM repeats pledge to push on with income tax cuts

French PM pledges €11bn in extra tax cuts

Valls prioritises growth over EU-enforced austerity

IMF gives Osborne a growth boost

Fund retreats from criticism of UK austerity

Ex-Barroso aide attacks Brussels on austerity

EC accused of ‘strategic’ bid to enhance powers

French growth plan reopens eurozone rift

President wants to put back targets to reduce the deficit

©Charlie Bibby

Towns braced for bigger wave of austerity

‘Tale of two cities’, with signs of revival amid welfare cuts

Retail revival brightens Hastings’ gloom

Business stirs in seaside town battered by economic woes

Osborne faces £20bn black hole in UK finances

Extra year of austerity needed before books are balanced

Berlin hits at EU easing austerity demands

Helsinki also attacks Brussels over budget flexibility

Osborne warns against dropping austerity

Chancellor insists it is too early to say ‘job done’

Brussels warns Italy on budget rules

Deficit limit set at 3% of economic output

OECD admits eurozone forecasting errors

Recovery outlook based largely on repeated false assumption

Osborne and Summers clash on austerity

Ex-Treasury secretary ‘gratified to see the growth in Britain’

Recession-linked crime rises as cuts bite

Shoplifting up 4% and ‘theft from the person’ 7%

Criminal barristers stage mass walkout

First protest in 400 years over legal aid cuts

Fiscal policy: Osborne’s grudging plaudits

Strong backing for continued austerity to tame deficit