EU Fiscal Austerity Measures

EU Fiscal Austerity Measures

Trevor Pugh

20 years: Trading & hedge funds

Whereas monetary policy in Europe leaned significantly in the direction of largesse, fiscal policy was more tightly constrained. In this video, Trevor explains these fiscal constraints and analyses the causes and effects of these policies.

Whereas monetary policy in Europe leaned significantly in the direction of largesse, fiscal policy was more tightly constrained. In this video, Trevor explains these fiscal constraints and analyses the causes and effects of these policies.

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EU Fiscal Austerity Measures

8 mins 54 secs

Overview

The emphasis on fiscal austerity and tight monetary policy had been undertaken on behalf of the creditor, to protect against their mistakes in lending. This caused an economic stranglehold, nearly continuously since July 2007, curtailing economic growth and placing banks in a fragile condition.

Key learning objectives:

  • What were the fiscal constraints imposed on European countries?

  • Identify the views of creditors and debtors on the austerity measures

  • What was the impact of austerity?

  • Who was to blame?

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