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austerity

 
Dictionary: aus·ter·i·ty   (ô-stĕr'ĭ-tē) pronunciation
Home > Library > Literature & Language > Dictionary
n., pl., -ties.
  1. The quality of being austere.
  2. Severe and rigid economy: wartime austerity.
  3. An austere habit or practice.

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Thesaurus: austerity
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noun

    The fact or condition of being rigorous and unsparing: hardness, harshness, rigidity, rigor, rigorousness, severity, sternness, strictness, stringency, toughness. See easy/hard.

Antonyms: austerity
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Home > Library > Literature & Language > Antonyms

n

Definition: barrenness
Antonyms: elaborateness, luxuriousness

n

Definition: grimness
Antonyms: exuberance, joy

n

Definition: refraining; abstinence
Antonyms: abandonment, elaborateness, extravagance, indulgence, spending

n

Definition: severity
Antonyms: blandness, calmness, gentility, lenience, meekness, mildness, permissiveness

Wikipedia: Austerity
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For other uses, see Austerity (disambiguation).
Search Wiktionary Look up austerity in Wiktionary, the free dictionary.

In economics, austerity is when a national government reduces its spending, to pay back creditors. Austerity is usually required when a government's fiscal deficit spending is felt to be unsustainable.

Development projects, welfare programs and other social spending are common areas of spending for cuts. In many countries, austerity measures have been associated with short-term standard of living declines until economic conditions improved once fiscal balance was achieved (such as in Canada under Jean Chrétien, and Spain under Felipe González).

Private banks, or institutions like the International Monetary Fund (IMF), may require that a country pursues an 'austerity policy' if it wants to re-finance loans that are about to come due. The government may be asked to stop issuing subsidies or to otherwise reduce public spending. When the IMF requires such a policy, the terms are known as 'IMF conditionalities'.

Austerity programs are frequently controversial, as they have an impact on the poorest segments of the population and often lead to a wider separation between the rich and poor. In many situations, austerity programs are imposed on countries that were previously under dictatorial regimes, leading to criticism that populations are forced to repay the debts of their oppressors.[1][2][3]

Examples of austerity

References

  1. ^ Harvey, D (2005) A Brief History of Neoliberalism
  2. ^ Klein, N. (2007) The Shock Doctrine
  3. ^ Chomsky, N (2004) Hegemony or Survival
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Translations: Austerity
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Dansk (Danish)
n. - spartanskhed, askese

Nederlands (Dutch)
eenvoud, soberheid, slechte economische toestand, (mv) sobere levensstijl (b.v. van monnik)

Français (French)
n. - austérité, restrictions

Deutsch (German)
n. - Strenge, Enthaltsamkeit, Einschränkung

Ελληνική (Greek)
n. - αυστηρότητα, λιτότητα

Italiano (Italian)
austerità, frugalità, parsimonia

Português (Portuguese)
n. - austeridade (f)

Русский (Russian)
суровость, аскетизм, простота (без излишеств), крайняя экономия

Español (Spanish)
n. - austeridad, sobriedad, frugalidad, moderación, economía

Svenska (Swedish)
n. - stränghet

中文（简体）(Chinese (Simplified))
节俭, 苦行, 朴素

中文（繁體）(Chinese (Traditional))
n. - 節儉, 苦行, 樸素

한국어 (Korean)
n. - 준엄 , 간소, 금욕 생활

日本語 (Japanese)
n. - 厳しさ, 厳格, 質素, 耐乏生活, 禁欲生活, 厳粛

العربيه (Arabic)
‏(الاسم) تزمت, قسوه, صرامه‏

עברית (Hebrew)
n. - ‮חומרה, צנע, פשטות‬

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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Answers Corporation Antonyms. © 1999-2009 by Answers Corporation. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Austerity".  Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more