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Austerity

Does austerity have a hidden agenda?

by David Brancaccio and Ariana Rosas
Feb 8, 2023
A new book explores the historical relationship between austerity, the labor force, and fascism.
Pensioners march in Athens in 2018 during a demonstration to demand the return of pension funds lost as part of austerity measures. Clara Mattei, author of "The Capital Order," argues that austerity reflects a deeper history of labor force suppression.
Angelos Tzortzinis/AFP via Getty Images
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My Economy

A poet’s take on “austerity”

by Maria Hollenhorst
Dec 4, 2020
Fred Joiner is currently the Poet Laureate of Carrboro, North Carolina.
Fred Joiner is a poet and IT professional based in Carrboro, North Carolina.
Photo by Jati Lindsay, courtesy of Fred Joiner.
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What you need to know about “austerity”

by Kai Ryssdal and Maria Hollenhorst
Nov 16, 2020
Calls for austerity likely slowed the economic recovery from the Great Recession. Could that happen again?
Government spending during a recession needs to be like "turning into a skid," said economist J.W. Mason. "When your tax revenue is falling, you need to pick up the spending."
Matt Cardy/Getty Images
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Greece emerges from bailouts, but Greeks remain skeptical

by Stephen Beard
Aug 14, 2018
The country's economy is improving, but many still bear the scars of the crisis.
In this photo illustration, a one euro coin stands on a map of Greece showing the city of Athens.
Sean Gallup/Getty Images
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Puerto Rico debt plan calls for austerity, public spending cuts

by Andy Uhler
Mar 14, 2017
On Monday, Puerto Rico's financial oversight board approved a new debt plan.
Filipa Rodrigues/Marketplace
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Prior to G7 summit, finance leaders meet to discuss a stagnant Japan

by Lewis Wallace
May 20, 2016
Central bankers and finance ministers debate currency and stimulus in advance of next week’s summit.
Japan Finance Minister Taro Aso (top, second right) speaks as he leads the first session of the G7 Finance Ministers and Central Bank Governors' Meeting in northern Japan on Friday.
KAZUHIRO NOGI/AFP/Getty Images
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Spain election latest evidence of anti-austerity anger

by Kimberly Adams
Dec 21, 2015
Divisive results dealt a blow to the party that oversaw Spain's economic recovery.
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This might hurt a bit: The downside of Ukraine's IMF loan

by Stan Alcorn
Feb 12, 2015
A $17.5 billion IMF package for Ukraine comes with challenging conditions.
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Will Greek voters make a great leap?

by Marketplace Weekend Staff
Jan 23, 2015
Polls suggest that elections this Sunday could bring to power a hard-left party called Syriza
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The state of job training around the world: What job training?

by Chris Farrell
Jul 18, 2013
Five years after the Great Recession, industrialized countries are still down about 16 million jobs. And many of those without work are in need of a skills upgrade.
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