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• n  the trait of great self-denial (especially refraining from worldly pleasures)

• America's victory in the war signaled an end to austerity.
• It's not just austerity as an aesthetic.
• When austerity-minded President Arturo Frondizi predicted last January that "a lowering of the standard of living is inevitable," the warning could hardly be.

• asceticism
• nonindulgence

News & Articles

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• Spanish austerity cuts put lives at risk, study finds
  By Kate Kelland LONDON (Reuters) - Austerity cuts in Spain could lead to the effective dismantling of large parts of its healthcare system and significantly damage the health of the population, according to a study published on Thursday. Researchers who analyzed the situation warned that if nothing was done to reverse the trend, Spain risked spiraling health problems and could see increases in ...
  June 13, 2013 - Reuters via Yahoo! News
• Austerity cuts to Spanish healthcare system are 'putting lives at risk'
  ( London School of Hygiene & Tropical Medicine ) A series of austerity reforms made by the Spanish government could lead to the effective dismantling of large parts of the country's healthcare system, with potentially detrimental effects on the health of the Spanish people, according to new research from the London School of Hygiene & Tropical Medicine.
  June 13, 2013 - EurekAlert!
• Harper Joins Cameron Galvanizing G-8 Austerity Alliance
  Canada and the U.K. are seeking to galvanize an austerity alliance within the Group of Eight amid mounting pressure to ease up on the spending-cut strategy.
  June 13, 2013 - Bloomberg

Quotes

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• David Cameron in Winston-Salem Journal
  The June 7 New York Times article "Cameron Warns Britons of Austerity" quotes the new prime minister of Great Britain, David Cameron, in a speech, saying that Britain's financial situation was "even worse than we thought. : How we deal with...
• Angela Merkel in Toronto Star
  I have made it clear that we need sustainable growth and that growth and intelligent austerity measures don't have to be contradictions,Merkel said. "The discussion was not controversial; there was a lot of mutual understanding."
• Brendan Barber in The Associated Press
  Any attempt to press ahead with austerity plans will look like a political project to remodel Britain rather than an economic necessity,Barber said.