Austerity in Europe

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

Watchdog warns Ireland over budget

Fiscal Advisory Council says Dublin should maintain tight control


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

Scots told sterling move risks ‘austerity’

Tighter economic conditions risk popular discontent, says Niesr

Seven years of Irish austerity nears end

Recovery unevenly spread across the country

Poland calls for €700bn EU spending round

Finance minister attacks German calls for constraint

France warns of budget overshoot

EU deficit target pushed back for two more years

Greece announces cuts to crisis taxes

Samaras bids to signal end of austerity era

Greece asks troika of lenders for tax cut

Athens on track to beat fiscal targets by some margin

Hollande pushes for EU budget flexibility

French president calls for summit to agree new measures

France warns on budget deficit target

Finance minister slashes growth forecast to 0.5%

Kenny puts focus on escape from austerity

Ireland’s prime minister reshuffles five portfolios

Draghi coaxes politicians to lead reforms

ECB president reportedly trying to ‘start a conversation’

Greek debt sale raises less than expected

Portugal bank turmoil dampens demand for Athens’s three-year bond

Irish employers call for end to austerity

Ibec argues only €200m cuts needed in next budget, not €2bn

Philanthropic donors step in to assist the victims of austerity

In spite of some help, NGOs are reporting worsening poverty and a funds drought

Business warns over Italy’s weak growth

Renzi leads push for less austerity

Merkel rebukes call to loosen tough budget rules in bloc

Irish watchdog says further cuts needed

Fiscal Advisory Council says Dublin needs extra €2bn in savings

IMF endorses UK deficit reduction plan

Fund drops previous calls for lower spending cuts

Brussels questions French budget

Review finds ‘insufficient’ detail in Hollande reforms

Tyrie attacks IMF over austerity advice

Head of UK Treasury committee says fund should have stayed silent