aus·ter·i·ty
[aw-ster-i-tee]
noun, plural aus·ter·i·ties.
1. austere quality; severity of manner, life, etc.; sternness.
2. Usually, austerities. ascetic practices: austerities of monastery life.
3. strict economy.
Austerity is also described in economics, as a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public services provided.
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A day after voters in France and ...
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