Austerity Measures and Bailouts are just payments to the Illuminati Family’s by way or proxy!  First the Banksters get Nations in dept by loans and bailouts that can not be paid back, like what is happening in America.  Second The Nation makes governmental cuts like what is happening in EUROPE  aka stealing pensions , cutting services like Parks, Police Teachers Firemen ect ect! Then the Government sells off Parks Government owned property, Roads Water ways Parks ect ect to the Illuminati Bankster Familys AKA the MOBSTERS!

This is all part of the (The Hegelian Dialectic) aka The Problem Reaction Solution method!  .. the Illuminati family’s or the ruling elite create a problem, anticipating in advance the reaction that the population will have to the problem and then have the prepared Solution!  Example an Global Economic Melt down.  The after the people react and demand a solution to the created problems that was the  desired agenda of the ruling elite.  Then and only then the Pre prepared agenda of the Global Elite Banksters  presented as the solution such as a one world Governmental Monetary system or Global Governmental system to fix the problem. 

The bad part about this conspiracy is that along with the reaction to the problem the population becomes violent, in protesting the Austerity Measures implemented by the Governments!  And once again (The Hegelian Dialectic) comes into place with  FEMA Camps AKA Concentration Camps for the protesters dissidents and homeless people effected by the Illuminati s Global Agenda 

In economics, austerity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public servicesprovided.^[1] Austerity policies are often used by governments to reduce their deficit spending^[2] while sometimes coupled with increases in taxes to pay back creditors to reduce debt.^[3] “Austerity” was named the word of the year by Merriam-Webster in 2010.^[4]

The Expansionary fiscal contraction hypothesis is the economic theory that explores whether government austerity can result in economic expansion. This hypothesis indicates that expansion from austerity is very limited and occurs only during periods when consumption is not constrained.

Contents [hide] 1 Reasons for undertaking austerity measures 2 Typical effects 3 Controversy 4 The “Age of Austerity” 5 Word of the year 6 Examples of austerity 7 See also 8 References 9 External links

[edit]Reasons for undertaking austerity measures

Austerity measures are typically taken if there is a threat that a government cannot honor its debt liabilities. Such a situation may arise if a government has borrowed in foreign currencies that they have no right to issue or they have been legally forbidden from issuing their own currency. In such a situation, banks may lose trust in a government’s ability and/or willingness to pay and either refuse to roll over existing debts or demand extremely high interest rates. In such situations, inter-governmental institutions such as the International Monetary Fund (IMF) may demand austerity measures in exchange for functioning as a lender of last resort. When the IMF requires such a policy, the terms are known as ‘IMF conditionalities‘.

[edit]Typical effects

Development projects, welfare, and other social spending are common programs that are targeted for cuts: Taxes, port and airport fees, train and bus fares are common sources of increased user fees.

In many cases, austerity measures have been associated with protest movements claiming significant decline in standard of living. A case in point is the nation of Greece. The financial crisis—particularly the austerity package put forth by the EU and the IMF— was met with great anger by the Greek public, leading to riots and social unrest. On 27 June 2011, trade union organizations commenced a forty-eight hour labor strike in advance of a parliamentary vote on the austerity package, the first such strike since 1974. Massive demonstrations were organized throughout Greece, intended to pressure parliament members into voting against the package. The second set of austerity measures was approved on 29 June 2011, with 155 out of 300 members of parliament voting in favor. However, one United Nations official warned that the second package of austerity measures in Greece could pose a violation of human rights.^[5]

[edit]Controversy

Austerity programs can be controversial. In the Overseas Development Institute briefing paper “The IMF and the Third World” the ODI addresses five major complaints against the IMF’s austerity ‘conditionalities’. These complaints include these measures being “anti-developmental”, “self-defeating”, and “they tend to have an adverse impact on the poorest segments of the population”. In many situations, austerity programs are implemented by countries that were previously under dictatorial regimes, leading to criticism that the citizens are forced to repay the debts of their oppressors.^[6][7][8]

Economist Richard D. Wolff has stated that instead of cutting government programs and raising taxes, austerity should be attained by collecting (taxes) from non-profit multinational corporations, churches, and private tax-exempt institutions such as universities, which currently pay no taxes at all.^[9]

In 2009, 2010, and 2011, workers and students in Greece and other European countries demonstrated against cuts to pensions, public services and education spending as a result of government austerity measures.^[10][11] Following the announcement of plans to introduce austerity measures in Greece, massive demonstrations were witnessed throughout the country, aimed at pressing parliamentarians to vote against the austerity package. In Athens alone 19 arrests were made while 46 civilians and 38 policemen had been injured by June 29, 2011. The third round austerity has been approved by the Greece parliament on February 12, 2012 and has met strong opposition especially in the cities of Athens and Thessaloniki where the police have clashed with demonstrators.

Opponents argue that austerity measures tend to depress economic growth, which ultimately causes governments to lose more money in tax revenues. In countries with already anemic economic growth, austerity can engender deflation which inflates existing debt. This can also cause the country to fall into a liquidity trap, causing credit markets to freeze up and unemployment to increase. Opponents point to cases in Ireland and Spain in which austerity measures instituted in response to financial crises in 2009 proved ineffective in combating public debt, and placing those countries at risk of defaulting in late 2010.^[12]

[edit]The “Age of Austerity”

The term “Age of austerity” was popularized by British Conservative leader David Cameron in his keynote speech to the Conservative party forum in Cheltenham on April 26, 2009, when he committed to put an end to what he called years of excessive government spending.^[13] [14]

[edit]Word of the year

Merriam-Webster’s Dictionary named the word “austerity” as its “Word of the Year” for 2010 because of the number of web searches this word generated that year. According to the president and publisher of the dictionary, “austerity had more than 250,000 searches on the dictionary’s free online [website] tool” and the spike in searches “came with more coverage of the debt crisis”.^[15]

[edit]Examples of austerity

This section is in a list format that may be better presented using prose. You can help by converting this section to prose, if appropriate. Editing help is available. (June 2011)

• Argentina, 1952,2012^[16]
• Cuba, 1991
• Czech Republic, 2010
• Germany, 2011^[17]
• Greece, 2010–2012^[18]
• Ireland, 2010
• Israel, 1949–1959
• Italy, 2010^[19]
• Japan, 2010^[20]
• Latvia, 2009^[21]
• Mexico, 1985^[22]
• Netherlands, 1982–1990, 2003–2006, 2011
• Canada, 1994
• Nicaragua, 1997^[23]
• Palestinian Authority, 2006^[24]
• Romania, 2010^[25]
• Portugal, 2010–2011
• Puerto Rico, 2009–2013^{[clarification needed for future year]}
• Spain, 1979,^[26] 2010
• United Kingdom, during and after the two World Wars, 2011–2014^{[clarification needed for future year][27]}
• Naples, Italy 2012

• Functional finance
• Paradox of thrift

Anti-austerity protests, chiefly taking the form of massive street protests by those affected by them and some of them also involving a greater or lesser degree of militancy, have happened regularly across various countries, especially on the European continent, since the onset of the present-day worldwide financial crisis. The phenomena are, collectively, decidedly separate, conceptually, from the austerity measures themselves, even though the enactment of the latter is a prerequisite for the former. This is because they are of the sizes they are; that they cut across age groups (e.g., both students and older workers) and other demographics; that they can incorporate many different types of actions in many different segments of a given country’s economy including education funding, infrastructure funding, manufacturing, aviation, social welfare, and many many others; and that the phenomenon of austerity, when explained by itself, is inadequate to properly encompass the phenomenon of widespread opposition to it, and that opposition’s nuances and fluctuations.

Anti-austerity actions are varied, ongoing, and can be either sporadic and loosely-organised or longer-term and tightly-organised. Theycontinue as of the present day. Recent upheavals in Tunisia and in Egypt in 2011 were originally largely anti-austerity and anti-unemployment before turning into wider social revolutions.

Most recently, the global and still-spreading Occupy movement has arguably been the most noticeable physical enactment of anti-austerity and populist sentiment.

Contents [hide] 1 Background 2 Examples 3 Perspectives 4 See also 5 References

[edit]Background

Austerity is mainly noticed by a country when its aspects (usually known as ‘cuts’) are implemented unilaterally and forcibly (a “hatchet job“) rather than through a more careful strategy of creeping normalcy wherein such cuts are made to seem reasonable, or at least tolerable. Austerity is usually only referred to by that name when it is part of a sweeping package or packages of reforms that have the openly-admitted effect of great or even complete overhaul of major aspects of a society’s socioeconomic core facilities, programs and/or services. Because of this nature, austerity programs in general often are virulently opposed by the populations experiencing them, as they tend to have an impact on the poorest segments of the population. Those who are pro-austerity (who usually refer to the process as “deficit reduction”) usually counter that these poorest segments of the population would also suffer the most should a debt crisisoccur^{[citation needed]}, an argument rejected by most anti-austerity individuals.

Prior to the 2010 European sovereign debt crisis, in many situations, austerity programs were implemented by countries that were previously under dictatorial regimes (e.g., Portugal, Greece, Spain), leading to criticism that the citizens are forced to repay the debts of their oppressors.^[1][2][3] In Greece, for example, the current austerity measures are popularly viewed as a combination of leftover policies of the 1967-1974 military dictatorship in that country on the one hand, and the “betrayal” of socialist principles by the current parliamentary-majority Panhellenic Socialist Movement on the other hand, due to that party’s wholesale enactment of extremely severe austerity measures in the country, which most everyday Greeks conceive of as intensely right-wing in nature, at least when compared to the party’s officially-stated core beliefs.^{[citation needed]}

In the present-day enactments of various “austerity budgets”, however, a prior history of dictatorship is not necessarily a precondition for the implementation of such a budget by a given government. Examples of countries implementing severe austerity measures without a history of what the world’s mainstream media would typically consider a ‘dictatorship’, include the United Kingdom and the Republic of Ireland, the latter of which witnessed its housing market completely (rather than partially as elsewhere) collapse, and the Republic eventually appealing for a massive bailout from the International Monetary Fund, “in exchange for” implementation of a very severe austerity programme. The austerity measures and the terms of the IMF bailout became major aspects of the 2008–2011 Irish financial crisis, and popular anger over these issues played a very major role in the loss of governmental power of Fianna Fáil to opposition parties in the 2011 Irish general election. The loss was so complete and so total for Fianna Fáil that many commentators remarked that the results were “historic”. Fine Gael and the Labour Party entered in to a coalition government with one another, and Fine Gael’s leaders have vowed to re-negotiate the terms of the IMF bailout so that austerity can be slowed or stopped and the Irish economy can be given a chance to grow again.^[4] Sinn Féin, which for the first time also won a notable percentage in the election, has called for a nationwide referendum over whether the bailout agreement should be scrapped altogether, but this suggestion has been met with dismissal by officials.^[5]

Austerity in most European countries, including Spain and Italy — where there have been massive anti-austerity protests, wildcat strikes, and union-organized industrial actions of various types at semi-regular intervals since late 2008, earning for the most part massive worldwide media attention — is by no means limited to what could be the ‘expected’ areas of the economy that might in theory experience direct penalties as a result of gross mismanagement, such as financial institutions. In fact, financial institutions rarely, if ever, truly receive such ‘punishment’ by a country’s government; austerity-like levies could perfectly well be imposed on them for causing, or helping to cause, the crisis that leads to the austerity measures in the first place, but typically are not. Instead, it is argued (chiefly by people engaging in anti-austerity protests, but also some economists as well) that rather than ‘punish’ the banks and others truly responsible for the crisis, the government is instead ‘punishing’ regular people for the ‘crimes’ of others, namely the ‘elite’ and/or greedy professional money-handlers engaging in market manipulation.

[edit]Examples

• The current global Occupy movement.

• The May–July 2011 Greek protests, also known as the “Indignant Citizens Movement” or the “Greek indignados”, started demonstrating throughout Greece on 25 May 2011;^[6] the movement’s largest demonstration was on 5 June, with 300,000 people gathering in front of the Greek Parliament,^[7] while the organizers put the number to 500,000.^[8] The protests lasted for over a month without any violent incidents, while on 29 June 2011, amid a violent police crackdown and accusations of police brutality by international media and Amnesty International,^{[9][10][11][12][13][14][15]} the square was evacuated but demonstrations continued the next day despite the crackdown;^[16][17] they officially ended on 7 August 2011,^[18] but resumed in October.

• The 2011 Spanish protests, whose participants are sometimes referred to as the “indignados“, are a series of ongoing anti-austerity demonstrations in Spain that rose to prominence beginning on 15 May 2011; thus, the movement is also sometimes referred to as the May 15 or M-15 movement as well. It is a collection of several different instances of continuous demonstrations countrywide, with a common origin in internet social networks and the Democracia Real Ya web presence, along with 200 other small associations.^[19]

• In late March 2011 the Portuguese Prime Minister resigned a few hours after the latest austerity bill he backed was rejected by the rest of government. The government called that particular austerity round unacceptable.^[20] In his resignation speech, Jose Socrates expressed concern that an IMF bailout akin to Greece and Ireland would now be unavoidable.

• In mid-March 2011 the British Medical Association held an emergency meeting at which it broadly decided to emphatically oppose pending legislation in the British Parliament, the Health and Social Care Bill, that would overhaul the functioning of the National Health Service. Dr Layla Jader, a public health physician, said: “The NHS needs evolution not revolution – these reforms are very threatening to the future of the NHS. If they go through, our children will look back and say how could you allow this to happen?” And Dr Barry Miller, an anaethetist from Bolton, added: “The potential to do phenomenal damage is profound. I haven’t seen any evidence these proposals will improve healthcare in the long-term.”^[21] There have also been various grassroots groups of UK citizenry virulently opposing the pending new bill, including NHS Direct Action,^[22] 38 Degrees,^[23] and the trade union Unite.^[24]

• One of the United Kingdom‘s most severe austerity measures came into the force of law on 9 December 2010: spending for higher education and tuition subsidies and assistance in English universities — historically rather substantial in scale — was cut by an astounding total of 80%.^[25] That announcement and its implications, which included a near-tripling of student tuition fees from their previous levels^[26] up to a new ceiling of £9000/year, led to a huge backlash amongst students who almost immediately took to the streets over various non-sequential days against this announcement, squaring off with police on several occasions including an instance where some students angrily entered the Conservative headquarters and smashed windows and destroyed its interior.^[27]On the day of the passage of the measure itself, there was an explosion of street violence by enraged students and their allies, especially in London. There is an ongoing law enforcement investigation into, and even active pursuing of,^[28] the participants of the violence over the various protest days, with particular attention focusing on the moments when a number of protesters successfully attacked a royal car driving on its way to a London event,^[29] although they did not injure its occupants. Shouts of “off with their heads” were reportedly heard.^[30] On 25 March 2011, Charlie Gilmour, son of Pink Floyd guitarist David Gilmour, became one of the more high-profile individuals to be officially charged in relation to those events.^[31] As a result of these protests, a number of groups formed to combat the austerity measures that began with the cuts to higher education. One such example is Bloomsbury Fightback!, which is a group of radical students and workers in Bloomsbury, London, centred around the Bloomsbury Colleges in theUniversity of London and focusing on organising around education and employment issues, of which many are the result of the austerity measures, .

• The group UK Uncut is one outgrowth of the anger felt by average citizens at austerity, albeit the group focuses not so much on combating the cuts themselves as on demanding that the rich, rather than the poor, pay the shortfalls causing the austerity in the first place — a sort of “tax the rich” movement. UK Uncut attempts to organise flash mob protests inside the highest-profile buildings of the businesses of the rich people avoiding tax or paying less than they should.
• Around the same time as the heating-up of the England protests (but before the passing of the bill), students in Italy occupied theleaning tower of Pisa in a similar protest regarding its own educational system.^[32]

• On 27 November 2010, a massive protest against pending austerity took place in Dublin;^[33] The Irish Examiner news service also reports on a 7 December 2010 clash around the Dáil where protesters threw smoke bombs and flares at police.^[34] Additionally, La Scala in Italy experienced a clash on 8 December 2010 including scuffles with police.^[35]

• More generally, throughout 2009 and 2010, workers and students in Greece and other European countries demonstrated against cuts to pensions, public services and education spending as a result of government austerity measures.^[36] There was a brief airport strike in Spain in December 2010, and assorted brief “general strike”-like actions in France have taken place, particularly around the very controversial plan of the French government to raise the retirement age from 60 to 62, a proposal which eventually successfully passed.

• Further protests have since taken place in Greece and elsewhere, have continued throughout 2011 and 2012,^[37] including in Nigeriawith major large street clashes against the withdrawal of fuel subsidies. There was also a major protest in London by UK groups from across that country on 26 March 2011,^[38] centred around a protest call initially made by the Trades Union Congress but subsequently involving many other groups. In general, the UK’s round of austerity measures, or “cuts”, from April 2011 onward are understood by most of the population to be, as an aggregated phenomenon, the worst withdrawal of public services since those services’ foundings, in the early 20th century and the post-World War II era. The coalition government currently in power in Britain repeatedly reassures the public that these public sector cuts will be replaced by a “Big Society” underpinned by charities, start-up businesses and private enterprise. Critics counter on the one hand that such a model is effective back-door privatisation, and on the other hand that even assuming the “Big Society” is a genuine populist initiative, it still fails conceptually, since the very charities and start-up businesses touted in this model are also the ones being severely slashed or eliminated by the new austerity-fuelled economics of the government.

• Participants in more militant forms of protest engaged in during the 26th March demonstration, who in total only comprised 1,500 people out of the estimated 250,000-500,000 total participants, have been relentlessly attacked by the government as “mindless thugs”^[39] with the UK’s mainstream media including the BBC generally supporting this perception. This remains the case even though the fundamental seriousness of damage thus far remains debatable; much reporting seems to have focused on the smashing of a Santander bank branch’s glass entranceway doors by largely anarchist activists, who would have also been behind the simultaneous destruction of several automated teller machines and the scrawling of “class war” in graffiti on neighbouring walls — rather than destruction of infrastructure such as roads, bridges, schools or homes that would have indisputably comprised terrorismby any objective measure. There are those who would therefore argue that the activists, even if misguided in their actions, still technically only targeted the institutions (i.e., banks) perceived responsible for the cuts, and did not cross the line into more general mayhem. Nevertheless, the Home Secretary Theresa May vociferously advocates the review by authorities of UK terrorism law to determine whether the Metropolitan Police can legally extend their own powers of arrest and detention using those provisions. Talk of the approximately 1,500 people involved in the militant aspects of the anti-cuts march almost totally eclipsed the more general event of up to half a million peaceable, albeit still angry, protesters who say they have very real, very personal grievances against the government’s cuts plans.

[edit]Perspectives

Economist Richard D. Wolff has stated that instead of cutting government programs and raising taxes, austerity should be attained by collecting from non-profit multinational corporations, churches, and private tax-exempt institutions such as universities, which currently pay no taxes at all.^[40] Groups like UK Uncut and the campaigners for a Robin Hood tax argue for a “tax the banks” strategy that is similar, as well as to argue that the banks and corporations severely underpay the taxes they already owe, and need to stop tax-dodging.

There are also those like Nobel Prize laureate Paul Krugman, who argue that austerity measures tend to be counterproductive when applied to the populations and programs they are usually applied to.^[41] This argument holds that austerity measures tend not to revitalize economies by ‘getting people off of benefits and back to work,’ and similar, but rather that austerity simply depresses economic growth wholesale, which ultimately causes governments to lose more money in tax revenues than they would have if they had not enacted the austerity and instead created jobs and new infrastructure and industries. In countries with already anemic economic growth, austerity can engender deflation which inflates existing debt. This can also cause the country to fall into a liquidity trap, causing credit markets to freeze up and unemployment to increase. Advocates of these positions point to cases in Ireland and Spain in which austerity measures instituted in response to financial crises in 2009 proved ineffective in combating public debt and the countries got in ever more dire financial straits as 2010 and 2011 progressed.^[42]

[edit]References

• Austerity
• 2010 European sovereign debt crisis
• Clawback
• Property tax

1. ^ Harvey, D (2005) A Brief History of Neoliberalism
2. ^ Klein, N. (2007) The Shock Doctrine
3. ^ Chomsky, N (2004) Hegemony or Survival
4. ^ http://www.irishcentral.com/news/Enda-Kenny-and-Eamon-Gilmore-will-renegotiate-EU-bailout-117573543.html
5. ^ http://www.irishexaminer.com/breakingnews/ireland/bacik-dismisses-sinn-fein-calls-for-bailout-referendum-497233.html
6. ^ “Στα χνάρια των Ισπανών αγανακτισμένων (On the footsteps of the Spanish ‘indignados’)” (in Greek). http://www.skai.gr. 26 May 2011. Retrieved 26 May 2011.
7. ^ “300.000 πολίτες στο κέντρο της Αθήνας!” (in Greek). http://www.skai.gr. 5 June 2011. Retrieved 5 June 2011.
8. ^ “”Αγανακτισμένοι”: Πρωτοφανής συμμετοχή σε Αθήνα και άλλες πόλεις” (in Greek). http://www.skai.gr. 5 June 2011. Retrieved 5 June 2011.
9. ^ “Greece passes key austerity vote”. http://www.bbc.co.uk. 29 June 2011. Retrieved 29 June 2011.
10. ^ Siddique, Haroon; Batty, David (29 June 2011). “Greece austerity vote and demonstrations – Wednesday 29 June 2011”. London: http://www.guardian.co.uk. Retrieved 1 July 2011.
11. ^ Smith, Helena (1 July 2011). “Greek police face investigation after protest violence”. London: http://www.guardian.co.uk. Retrieved 3 July 2011.
12. ^ “TEAR GAS FIRED AS GREEK POLICE CLASH WITH ATHENS PROTESTERS”. http://www.amnesty.org. Retrieved 30 June 2011.
13. ^ “GREECE URGED NOT TO USE EXCESSIVE FORCE DURING PROTESTS”. http://www.amnesty.org. Retrieved 30 June 2011.
14. ^ “Back when peaceful demonstrations in Greece were massive and meaningful…”. http://www.ireport.cnn.com. Retrieved 3 July 2011.
15. ^ Donadio, Rachel; Sayare, Scott (29 June 2011). “Violent Clashes in the Streets of Athens”. http://www.nytimes.com. Retrieved 3 July 2011.
16. ^ “Επιστρέφουν στην Πλατεία Συντάγματος οι Αγανακτισμένοι για να εμποδίσουν την ψήφιση του βασικού εφαρμοστικού νόμου” (in Greek). Retrieved 30 June 2011.
17. ^ “Πλήγμα για την Ελλάδα το βομβαρδισμένο κέντρο” (in Greek). Retrieved 30 June 2011.
18. ^ “Απομακρύνθηκαν οι “Αγανακτισμένοι” από τον Λευκό Πύργο”. http://www.protothema.gr. Retrieved 9 August 2011.
19. ^ “Movimiento 15-M: los ciudadanos exigen reconstruir la política (15-M Movement: citizens demand political reconstruction)”. Politica.elpais.com. 2011-05-17. Retrieved 2011-05-22.
20. ^ “Portugal PM Jose Socrates resigns after budget rejected”. BBC News. 23 March 2011.
21. ^ “Doctors want halt to NHS plans but reject opposition”. BBC. 15 March 2011.
22. ^ http://www.nhsdirectaction.co.uk/
23. ^ http://www.38degrees.org.uk/page/s/Protect_our_NHS_Petition#petition
24. ^ http://www.unitetheunion.org/sectors/health_sector/unite_4_our_nhs.aspx
25. ^ Mulholland, Hélène (2010-12-09). “Lib Dem parliamentary aide quits over tuition fees as MPs prepare to vote”. guardian.co.uk(London: Guardian News and Media). Retrieved 2011-01-04.
26. ^ http://www.thisisleicestershire.co.uk/news/Lib-Dems-join-key-vote-tuition-fees-rise/article-2974808-detail/article.html
27. ^ “California university students protest tuition hikes”. CNN. 18 November 2009.
28. ^ “Latest Suspects Wanted For Violent Disorder And Affray”. Daily Mail (London). 20 March 2011.
29. ^ “Student protests: Radio failure claims rejected”. BBC News. 11 December 2010.
30. ^ http://abcnews.go.com/International/british-prince-charles-royal-car-attacked-luck-photographer/story?id=12363034
31. ^ Davies, Caroline (25 March 2011). “Charlie Gilmour to stand trial over attack on royal convoy”. The Guardian (London).
32. ^ “Italian student protesters occupy Leaning Tower of Pisa”. BBC News. 25 November 2010.
33. ^ http://www.thirdage.com/news/dublin-unions-protest-harsh-austerity-plan_11-27-2010
34. ^ http://budget.breakingnews.ie/news/protesters-target-dail-over-cuts-484837.html
35. ^ “Italian cuts spark fight at the opera for La Scala”. BBC News. 8 December 2010.
36. ^ Kyriakidou, Dina (4 August 2010). “In Greece you get a bonus for showing up for work – Arcane benefits add billions to Greece’s bloated budget”. Toronto: thestar.com. Retrieved 29 September 2010.
37. ^ “Riots in Greece as austerity measures start to bite”. Austerity Bill. 23 February 2011.
38. ^ Taylor, Matthew (14 March 2011). “Anti-cuts campaigners plan ‘carnival of civil disobedience'”. The Guardian (London).
39. ^ “Home Secretary Theresa May condemns protest ‘thugs'”. BBC News. 28 March 2011.
40. ^ Wolff, Richard (4 July 2010). “Austerity: Why and for Whom?”. RDWolff.com. Retrieved 29 September 2010.
41. ^ Krugman, Paul (1 July 2010). “Myths of Austerity”. The New York Times.
42. ^ Leung, Sophie; Salamat, Rishaad (11 November 2010). “Stiglitz Says Ireland Has Bleak Prospect of Cutting Deficit, Saving Banks”.Bloomberg.