austerity

Elsewhere in Europe, three French governments have collapsed over the past 18 months due to budgetary disputes, with lawmakers failing to pass austerity measures that aim to reduce the deficit.

Elsewhere in Europe, three French governments have collapsed over the past 18 months due to budgetary disputes, with lawmakers failing to pass austerity measures that aim to reduce the deficit.

The tough austerity brought down triple-digit inflation but increased unemployment as factories closed.

A UK Labour spokesperson said: "After 14 years of Tory chaos, a botched Brexit, and damaging austerity – we know families across Wales are struggling."

At the economic level, neoliberal globalists want to challenge sovereign economic power through corporate attacks on state regulations and the IMF’s imposition of budget austerity in its loan agreements.