Austerity

In this episode, we tackle the controversial economic policy of austerity—a term that has shaped fiscal debates for over a decade. Join us as we explore:

• What austerity means and why governments choose to implement it.

• The theoretical arguments for and against austerity, including its impact on debt reduction, economic growth, and public services.

• Case studies, such as the UK post-2008 financial crisis and Greece during the Eurozone debt crisis, to understand its real-world effects.