About: austerity cuts

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Development Policy 11-06-2013

The 2014-2020 EU Aid Budget: Enough to do the job? – Madrid 2013

Europe is going through one of the worst economic and financial crisis in decades and governments across the continent have implemented tough austerity measures. In Spain, where cutbacks have been particularly tough, the government recently decided to reduce the budget for development aid by 80%.
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Economy & Jobs 08-04-2013

EU warns Portugal to stick to fiscal targets after court ruling

Brussels has warned Portugal to stick to the bailout austerity measures agreed in 2011 or risk losing further financial hep. The warning came following a decision by the Portuguese constitutional court to reject a set of unpopular public spending cuts aimed at reducing the country's deficit. In a televised speech on Sunday, Portugal's prime minister Pedro Passos Coelho described the country's economic situation as a 'national emergency' and pled to follow the terms agreed with international lenders.