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Austerity Measures Summary - Assignment Example

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The article titled Austerity Measures: A Restaurant Critics Week On Food Stamps has been authored by Anna Roth and in this article the author focuses on her experience of her participation in a program called Hunger Challenge. In this challenge the individuals who participated…
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Austerity Measures Summary
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Download file to see previous pages At first the author perceived that she can easily cope up with such a diet. The author stated that living on the food items provided and cooking them was very difficult for her as she had stopped cooking food on her own. She states that the food she was consuming never satisfied her or the other participants and only fulfilled the need of having food. Two days later the challenge required the participants to eat at St. Anthony’s where they were provided with food comprising of heavy quantity of calories. The author states that she was quite happy having that food. The author states that an official of the Hunger Challenge told her that poverty was a major issue in San Francisco and people were actually facing poverty due to expensive cost of living. The author states that the entire experience made her realized how difficult it was to live in poverty. She concludes that organizations that are out there to help the poor are very essential and they need to be heavily supported by the common ...Download file to see next pagesRead More
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The discussion on austerity measures
Higher government deficit can be either negative or positive for the economy. The positive impacts of the government deficit may suggest that the government is investing into the infrastructure development in the economy which can be beneficial in the long run.
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Current Issue Project
The immediate impact will be requirement of alternate or new currencies which will be followed by departing countries to devalue their liabilities and assets. Not to mention the huge quantum of sovereign debt that member countries owe, the magnitude of austerity measures will be enormous (Atrissi and Mezher, 2010, pp.1-5).
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