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Articles on Austerity

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Unfolding Greek tragedy. Piazza del Popolo

Suicide, HIV and infant deaths soar in post-crash Greece

A health crisis in Greece brought on by national austerity measures has driven up cases of HIV, suicide, major depression, and infant death, and left hundreds of thousands locked out the health system…
Weighing up cost and benefit: proposed legal aid cuts are a perversion of justice. Lonpicman

Cuts to criminal legal aid will turn defendants into products

In an adversarial criminal justice system like the one we have in England and Wales, access to justice depends on access to lawyers. The court system is complicated and confusing, a heady mix of archaic…
Firefighters are protesting new pension plans, but the status quo is unaffordable. Yui Mok/PA

Deadlock over pensions forces firefighters out on strike again

Firefighters have once again voted to go on strike in England and Wales, their fifth strike since September. This might seem like a high number of walkouts, but the Fire Brigades Union (FBU)‘s reputation…
Could a new method of measuring structural deficits mean easing austerity pressures on troubled Eurozone economies? Chema Sanz via Flickr

Potentially less austerity for the troubled Eurozone

The EU Commission’s autumn economic forecasts are due tomorrow. What makes this event special this year is that there are rumours about a possible change in the Commission’s approach to calculating the…
China has far more to lose from too few US dollars than it does from a dollar surplus. Urbanartcore.eu/Flickr

US economic policy: the right settings, disastrous process

The US debt crisis is over for now, but legislators have just kicked the can down the road. In this series on the US debt ceiling, academics from Australia, the UK and the US assess the lingering global…
Greek protestors take to streets after the ERT shutdown. Yanis Varoufakis

The view from the studio, as Greece’s state TV was shut

For those of us who grew up in the Greece of the neo-fascist colonels, nothing can stir up painful memories like a modern act of totalitarianism. When the television screen froze last night, an hour before…
Studies have shown a connection between fiscal constraint and an increase in suicide. PA/Dominic Lipinski

The link between benefit cuts and suicide can’t be ignored

Stephanie Bottrill, aged 53, became another suicide statistic and a grim reminder of the harmful impact of the UK welfare reforms last month, according to reports. In her suicide note, it was said she…
An influential economics paper — which has now been shown to have several methodological flaws — was used by policymakers to justify austerity drives around the world. AAP

Economists, an Excel error, and the misguided push for austerity

The economic literature is full of excellent articles that are not read outside small academic circles. There are, however, important exceptions. “Growth in a Time of Debt”, by Carmen R. Reinhart and Kenneth…
In a recently released report, IMF chief economist Olivier Blanchard admitted that implementing austerity in Europe was a mistake. AAP

We were wrong: IMF report details the damage of austerity

In a rare volte-face, the International Monetary Fund this week admitted that it grossly underestimated the impact of the austerity regime it advised Europeans to adopt. A paper authored by IMF chief economist…
Chancellor of the Exchequer George Osborne has extended controversial austerity measures amid a bleak outlook for the British economy. AAP

Is Britain heading for a triple-dip recession?

Middle-income tax increases, corporate tax cuts and below-inflation increases in maternity leave and housing allowances form the centrepiece of British Chancellor of the Exchequer George Osborne’s Autumn…
Are cuts the best way to achieve efficient Government? Joe Castro / AAP

Slash, burn and churn: public service cuts miss the mark

I was sitting in a session at the Institute of Public Administration Congress recently where Greg Hywood, the CEO of Fairfax, boldly announced that the public sector simply did not understand cuts. Not…
Policies of austerity are a fundamental burden on low-income earning women in the UK. Image from www.shutterstock.com

Women are paying the price for economic austerity

Since 2010, many European governments have adopted austerity policies in an attempt to reduce the budget deficits and increases in government borrowing that were caused by the 2007/8 financial crisis…
Queensland Treasurer Tim Nicholls has delivered a budget that commits to austerity, with a return to surplus within three years.

Queensland budget commits to austerity

The 2012-13 Queensland budget was the most anticipated policy announcement in several decades. The cut-backs in public sector employment previously forecast and cost saving measures announced in the early…

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