What's the difference between austerity and thrift?

Austerity


Definition:

  • (n.) Sourness and harshness to the taste.
  • (n.) Severity of manners or life; extreme rigor or strictness; harsh discipline.
  • (n.) Plainness; freedom from adornment; severe simplicity.

Example Sentences:

  • (1) Since the start of this week, markets have been more cautious, with bond yields in Spain reaching their highest levels in four months on Tuesday amid concern about the scale of the austerity measures being imposed by the government and fears that the country might need a bailout.
  • (2) In a separate exclusive interview , Alexis Tsipras, the increasingly powerful 37-year-old Greek politician now regarded by many as holding the future of the euro in his hands, told the Guardian that he was determined "to stop the experiment" with austerity policies imposed by Germany.
  • (3) He campaigned for a no vote and won handsomely, backed by more than 61%, before performing a striking U-turn on Thursday night, re-tabling the same austerity terms he had campaigned to defeat and which the voters rejected.
  • (4) But that promise was beginning to startle the markets, which admire Monti’s appetite for austerity and fear the free spending and anti-European views of some Italian politicians.
  • (5) Cable argued that the additional £30bn austerity proposed by the chancellor after 2015 went beyond the joint coalition commitment to eradicate the structural part of the UK's current budget deficit – the part of non-investment spending that will not disappear even when the economy has fully emerged from the recession of 2008-09.
  • (6) All of the parties have been trying to use Greece to their advantage.” On Monday, the governing People’s party pointed to the referendum to justify their decision to impose austerity measures during the height of the economic crisis.
  • (7) Greece sincerely had no intention of clashing with its partners, Varoufakis insisted, but the logic of austerity was such that policies conducted in its embrace could only fail.
  • (8) As Greece pleads with its eurozone creditors for more time in meeting its fiscal adjustment targets, Dombrovskis is a fierce champion of surgical austerity applied quickly and ruthlessly.
  • (9) Updated at 12.23pm BST 12.04pm BST As Mariano Rajoy and François Hollande prepare to reveal their austerity budgets (Spain goes on Thursday and France on Friday), they might be forgiven for casting an envious eye towards Australia where government statisticians revealed that the country is A$325bn (£200bn) better off than they'd thought.
  • (10) This proposal is a purely partisan move that will backfire on the government disastrously.” The Green party accused Osborne of making “efforts to limit the democratic scrutiny of his austerity agenda”.
  • (11) The budget red book contained a chart which suggested that the rich were indeed facing a bigger hit than anyone else, and Liberal Democrats were today pointing to this to justify the austerity package.
  • (12) "But if public opposition to further austerity measures hardens, the Greek government could find it even tougher to put the public finances back on a sustainable footing."
  • (13) The austerity programmes administered by western governments in the wake of the 2008 global financial crisis were, of course, intended as a remedy, a tough but necessary course of treatment to relieve the symptoms of debts and deficits and to cure recession.
  • (14) In the midst of this catastrophe, the troika is insisting on further austerity to achieve massive primary budget surpluses of 3% in 2015, 4.5% in 2016 and even more in future years.
  • (15) In a Europe (including Britain) where austerity has become the economic dogma of the elite in spite of massive evidence that it is choking growth and worsening the very sickness it claims to heal, there are plenty of rational, sensible arguments for taking to the streets.
  • (16) The Attlee government was toppled by peacetime austerity that voters no longer trusted.
  • (17) After heading for Rome with his long-term partner, Howard Auster, he returned to fiction with a bestselling novel, Julian, based on the life of a late Roman emperor; a political novel, Washington DC, based on his own family; and Myra Breckinridge, a subversive satire that examined contradictions of gender and sexuality with enough comic brio to become a worldwide bestseller.
  • (18) Yesterday, John McDonnell spelled out the new Labour leadership’s public investment-driven economic alternative to austerity.
  • (19) Then Greece has another chance.” But the intervention by the IMF will undermine EU leaders who argue Greece must submit to a fresh round of austerity measures to release funds for debt repayments.
  • (20) The IMF itself came under fire after it admitted in its World Economic Outlook report that officials had underestimated the effects of austerity measures on economic growth.

Thrift


Definition:

  • (n.) A thriving state; good husbandry; economical management in regard to property; frugality.
  • (n.) Success and advance in the acquisition of property; increase of worldly goods; gain; prosperity.
  • (n.) Vigorous growth, as of a plant.
  • (n.) One of several species of flowering plants of the genera Statice and Armeria.

Example Sentences:

  • (1) Since when did thrift become so synonymous with the middle classes?
  • (2) Pledging to replace "Labour's spendaholic government with a new government of thrift", he said: "With a Conservative government, if ministers want to impress the boss, they'll have to make their budgets smaller, not bigger.
  • (3) Macklemore & Ryan Lewis won best new artist and received three awards in the rap field before the show began with best rap album for The Heist and best rap performance and best rap song for Thrift Shop.
  • (4) Bovine viral diarrhea virus was believed to be the cause of ill-thrift since birth, resulting in death of a Holstein calf.
  • (5) As he reminded us, "Keynes talked about a ' paradox of thrift ': everyone and every country being individually wise but collectively foolish – leading to a downward spiral."
  • (6) However, studies on the aetiology of ill-thrift in young sheep indicate that arthropod-borne anaemia-producing pathogens are an important contributing factor, which cannot readily be diagnosed and controlled.
  • (7) Very few would argue with advising consolidation and thrift to an individual trying to bring debt under control.
  • (8) Festival curator Wayne Hemingway says thrift is not about buying more stuff for less, but about consuming more intelligently, reusing, recycling and thinking creatively about the way we live and consume.
  • (9) Savings are generally seen as benign and the result of virtue and thrift, but they are dangerous when handed to investment managers under pressure to produce high returns.
  • (10) Many of the new Thatcher-era first-time buyers gained their ownership through the right to buy scheme, giving council tenants the right, for the first time, to buy their homes at a hefty discount – about which Thatcher had initial reservations, due to her instinctive thrift.
  • (11) 2) At school the kids wore hippy dresses from thrift stores, and people made their own clothes.
  • (12) Two Parisian dudes who've just given us a lesson in the art of pool slides and thrift shopping.
  • (13) As a little girl, she'd visit thrift shops with her mother for outfits and back at home she amassed a suitcase of prom dresses.
  • (14) I pondered this as I sat in my regrettably pricey train seat on the way to the UK's first Festival of Thrift last weekend, held in Darlington.
  • (15) The Tory leader hammered away at the need for government to deliver "more for less", for "a government of thrift" and for "big changes for government and the role of the state".
  • (16) It's between Blurred Lines, Get Lucky, Thrift Shop, Diamonds and Locked Out Of Heaven.
  • (17) E. ovis, either alone or in combination with one or more of these parasites, caused a severe prolonged anaemia accompanied by the development of ill-thrift.
  • (18) However, in heavily infected flocks, economically significant disease does occur, mainly apparent as ill-thrift and chronic respiratory disease (maedi) in older ewes and as an indurative mastitis, which can result in delayed weight gain of suckled lambs.
  • (19) Antibiotic-resistant STIs are a way to remind ourselves of the dignity of the NHS project, its elegant combination of generosity, ambition and meaningful thrift, investing in a population because they’re worth it, whatever they’ve been up to.
  • (20) They are often reluctant to use taxis when accessible public transport isn't available, ending up home and alone, because of long-learned lessons about thrift.