Tag #Austerity

es.euronews.com
🌐 75% Global Worthiness
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Romania Implements Austerity Measures to Tackle Record Budget Deficit

Romania's Prime Minister Marcel Ciolacu announced new economic measures, including tax increases and public sector salary and pension cuts, aiming to save €26.14 billion by year-end to reduce the country's 8.5% budget deficit—the highest in the EU—to 7% by 2025, sparking protests.

Progress

44% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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1.5 Million UK Students Attend Dilapidated Schools Amidst Funding Crisis

A Guardian investigation reveals that 1,576,032 students in England—one in six—attend schools needing major repairs or are in relatively poor condition due to 14 years of frozen per-pupil funding under the Conservative government, leading to concerns about irreparable harm to children's education an...

Progress

52% Bias Score

Quality Education
gr.euronews.com
🌐 75% Global Worthiness
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Berlin's Cultural Budget Cuts Force Komische Oper to Continue Renovations Amidst Funding Crisis

Berlin's 12% cultural budget cut (€130 million) forces the Komische Oper to absorb a €4 million reduction while continuing renovations, alongside the Berlinale facing a 50% funding decrease, prompting concerns about the city's artistic future.

Progress

36% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Milei's Success in Argentina vs. Lula's Economic Challenges in Brazil

After one year in office, Argentinan President Javier Milei has successfully reduced inflation and balanced the budget through austerity measures, while Brazil faces high inflation under President Lula due to excessive government spending; the contrast highlights differing approaches to economic sta...

Progress

56% Bias Score

No Poverty
tr.euronews.com
🌐 85% Global Worthiness
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Widespread Protests in France Against Government Budget Cuts and Working Conditions

Tens of thousands of French citizens protested on Thursday against government budget cuts impacting public services, following a no-confidence vote on the social security budget; proposed cuts include reducing paid sick leave and risk thousands of job losses, notably in education.

Progress

32% Bias Score

Decent Work and Economic Growth
welt.de
🌐 65% Global Worthiness
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VW Unions Counter Austerity Plan

Labor unions at Volkswagen present a counter-plan to the company's cost-cutting measures, emphasizing product improvements and investments in innovation to secure jobs and the long-term viability of the company.

Progress

40% Bias Score

Decent Work and Economic Growth
fr.euronews.com
🌐 75% Global Worthiness
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Romania Implements Austerity Measures to Curb Record Budget Deficit

Romania's Prime Minister Marcel Ciolacu announced new economic measures, including tax increases and a public sector salary cap, aiming to reduce the country's 8.5% GDP deficit—the highest in the EU—to 7% by 2025; these measures sparked protests in Bucharest.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 75% Global Worthiness
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Community Right to Buy": A Flawed Scheme Masking Public Funding Cuts

The "community right to buy" scheme, criticized as a cover for funding cuts, forces communities to repurchase assets already funded by taxes, highlighting the need for increased local government resources and joined-up government support to avoid further erosion of public services.

Progress

56% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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Argentina's Austerity Measures Drive Poverty to Two-Decade High

Under President Javier Milei's austerity measures, Argentina's poverty rate has soared to a two-decade high of 53%, impacting 18% in extreme poverty and more than 60% of children under 14, leading to widespread food insecurity and social distress in impoverished areas like Barrio Mugica and La Carol...

Progress

68% Bias Score

No Poverty
abcnews.go.com
🌐 85% Global Worthiness
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"Milei's Year in Office: Mixed Economic Results for Argentina"

"After one year in office, Argentine President Javier Milei's austerity measures have produced mixed results: monthly inflation fell to 2.7% in October, but poverty soared to 52.9%, and a tax amnesty generated $19 billion in new bank deposits. High annual inflation (193%) and the risk of a strong pe...

Progress

52% Bias Score

No Poverty
theguardian.com
🌐 75% Global Worthiness
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UK Government Redirects Funding to Deprived Areas to Address Local Council Financial Crisis

The UK government will redistribute £600 million to deprived English towns and cities, potentially allowing councils to raise council tax above the current cap, to address financial instability and create a fairer funding system starting in 2026-27.

Progress

40% Bias Score

lemonde.fr
🌐 35% Global Worthiness
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French Senate Debates Social Security Budget Amidst Political Tensions

The French Senate debates the 2025 social security budget, facing challenges after the National Assembly's failure to complete its review. The debate involves key measures like reducing employer contributions and adjusting retirement indexation.

Progress

40% Bias Score

Reduced Inequality