Friday, October 1, 2010
Ecuador Police Protests Throw Country Into Chaos
This will make 6 nations-Western Nations, fighting 'austerity' programs, publicly.
Spain, Iceland (Indictment of their Prime Minister), Ireland, Greece, France, & Ecuador.
(am I missing any?)
Austerity: reduced availability of luxuries and consumer goods, esp when brought about by government policy-(http://dictionary.reference.com/browse/austerity)
or
In economics, austerity is when a government reduces its spending and/or increases user fees to pay back creditors. Austerity is usually required when a government's fiscal deficit spending is felt to be unsustainable.
en.wikipedia.org/wiki/Austerity
but in reality:
Austerity- raid the publics' safety nets to pay off greedy bankers' bets.
Although, I see that an economic hit man may have been poking around. "Austerity" may be the public line.
Read the Article at HuffingtonPost
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