āĻ āύā§āϏāύā§āϧāĻžāύ āĻāϰā§āύ
āĻ āĻāĻŋāϧāĻžāύā§āϰ āĻāĻžāώāĻž āύāĻŋāϰā§āĻŦāĻžāĻāύ āĻāϰā§āύ
āĻāĻĒāύāĻžāϰ āĻāĻžāώāĻž āύāĻŋāϰā§āĻŦāĻžāĻāύ āĻāϰā§āύ
austerity
/ÉËstËÉÉšÉĒti/
Austerity
01
āϤāĻĒāϏā§āϝāĻž
the trait of great self-denial (especially refraining from worldly pleasures)
02
āĻŽāĻŋāϤāĻŦā§āϝāϝāĻŧāĻŋāϤāĻž
strict economic measures implemented by a government to reduce public expenditure and budget deficits
āĻāĻĻāĻžāĻšāϰāĻŖ
During the financial crisis, many European countries adopted austerity policies to stabilize their economies.
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