European bailout austerity packages followed a standard tranche-and-deepen structure

Evidence

These plans—generally carried out in several tranches, each reinforcing and deepening the effects of the previous ones—encompassed many different measures. The most common were VAT hikes, pension reforms, “flexibilization” of the job market, “liberalization” of public services, public-sector wage freezes or cuts, and cuts to unemployment benefits. — Arthur Borriello and Anton Jäger, The Populist Moment, 112

Categorization

• XREF: connects to: European austerity serves to reserve sovereign balance-sheet space for too-big-to-bail bank rescues — Mark Blyth, Austerity: The History of a Dangerous…, 617; European officials pushed austerity during the G20 and ended global Keynesianism — Mark Blyth, Austerity: The History of a Dangerous…, 173; Austerity’s real function is permanent structural extraction from many to few — Clara E. Mattei, The Capital Order: How Economists…, 657 (+3 more)

Broader Connections

• Austerity’s real function is permanent structural extraction from many to few #expands (0.80) — Clara E. Mattei, The Capital Order, 657
• Post-2008 bailouts continued the austerity pattern of shifting resources to the few #expands (0.80) — Clara E. Mattei, The Capital Order, 1598
• European austerity serves to reserve sovereign balance-sheet space for too-big-to-bail bank rescues #expands (0.75) — Mark Blyth, Austerity, 617
• European officials pushed austerity during the G20 and ended global Keynesianism #expands (0.75) — Mark Blyth, Austerity, 173
• Austerity is state intervention transferring resources from the many to the few #expands (0.75) — Clara E. Mattei, Escape from Capitalism, 195
• The Bank of France weaponized debt rollover refusal to force austerity on left governments #exemplifies (0.72) — Mark Blyth, Austerity, 547