[QODLink]
Europe
Europeans brace for an 'austerity' Christmas
Financial downturn hampers festive season as shoppers dig deep to keep up traditions.
Last Modified: 17 Dec 2011 23:24

The season of good cheer and gifts is a hard sell in Europe this year. The latest financial figures reveal that people simply cannot afford to dig any deeper into their pockets amid the burden of austerity cuts and increased taxes.

Christmas, for many, represents a season of giving to loved ones. In turn, not having enough money to do sufficient giving can be a painful experience.

All this seasonal stress is a reminder to Europeans that they are paying for the financial mismanagement of their governments and banks.

Al Jazeera's Simon McGregor-Wood reports from London.

Source:
Al Jazeera
Topics in this article
People
City
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Frustration grows in Kiev as pledges to end corruption and abuse of power stagnate after Maidan Square protest.
Thousands of Houthi supporters have called for the fall of Yemen's government. But what do the Houthis really want?
New ration reductions and movement restrictions have refugees from Myanmar anxious about their future in Thailand.
US lawyers say poor translations of election materials disenfranchise Native voters.
US drones in Pakistan have killed thousands since 2004. How have leaders defended or decried these deadly planes?
join our mailing list