31. But they are a disproportionately large source of the political concerns of the government as it imposes drastic austerity measures in an attempt to stem the deepening economic crisis. 32. By accepting the austerity measures, Mexico has surrendered an almost unprecedented degree of control over the management of its economy to the United States. 33. Citing slumping demand in Southeast Asia and at home, the company announced a series of austerity measures and job cuts. 34. Despite its own austerity measures, that area is defense spending. 35. Economic analysts were generally hopeful that Chuan would have the political will and the ability to push through difficult austerity measures where Chavalit had failed. 36. Economists say they expect to see widespread unemployment, bankruptcies and possible social unrest this year as growth rates plummet and governments institute austerity measures. 37. European bonds gained, led by Germany, after Bundesbank President Hans Tietmeyer expressed optimism Germany will trim its budget deficit by pushing through the necessary austerity measures. 38. Even the limited austerity measures the government has already taken have proved controversial. 39. Falling Asian currencies, higher interest rates and government austerity measures in South Korea and Southeast Asia have slashed buying power and demand for metal products across the region. 40. Executives said they hoped to continue paring costs with new austerity measures to begin next week. |