Posts Tagged ‘austerity’


From today’s New York Times:

Until now, Ireland had been the poster child for German-led austerity policies. Its citizens offered little resistance as their government — grappling with huge debts from the country’s failed banks — introduced new taxes and increased old ones, even while laying off workers and slashing health and welfare benefits.

In recent months, however, the Irish have been anything but quiet. The prospect of paying for water, which many see as yet another new tax at a time when the government has assured them that austerity is over, has prompted a series of mass protests across the country, from Dublin to Cork. Many demonstrators say they have no intention of paying the new fees.


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