financial crisis and "troika" programme caused the need for harsh austerity measures in Greece. In addition, there is a … governments experienced a long period of austerity, driven by economic decline and federal and state measures, the global … influence. Therefore, local options in Greece were limited, and local governments had to focus on spending cuts, whereas German …

outcome of fiscal shocks is strongly related to debt levels. The Euro-area countries included in the investigation are Greece … considers evidence on the consequences of austerity policies for European labour markets during recent years … Debt Euro Area Countries -- 5 A Further Look To Macroeconomic Outcomes of Fiscal Austerity in High Debt Countries -- 6 Can …

Depression and World War II. The article tries to give an impression of the extraordinary degree of fiscal austerity and the …