Posts tagged: austerity measures

Eurozone austerity measures: a round-up

Tweet Here are some details on austerity measures implemented by governments around the eurozone. GERMANY: Chancellor Angela Merkel said her government aims to save around €80bn between 2011 and 2014 and get the German budget deficit below European Union limits by 2013. The cabinet agreed a package on June 7 which will slash welfare spending by €30bn over the period, cut public sector payrolls by up to 15,000 by 2014, and raise new taxes ... Jump to full article >>