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EU Economics: European Fiscal Austerity Measures

Geoff Riley

24th December 2010

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2009 and 2010 have been hugely difficult and painful years for many of the countries inside the currency union. A dangerous combination of deep recession, rising unemployment, a severe worsening of government finances, high public sector debts and the expectation that a period of fiscal austerity will hit living standards badly have all contributed to a sense of malaise for those countries that have entered monetary union.

The Telegraph has this summary of fiscal austerity measures introduced by a cluster of countries that have been hit by the Europea sovereign debt crisis

Hamish McRae in the Independent has this Review of the Economy in 2010 - a useful overview

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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