By the way, here is what austerity looked like in Greece:

Austerity In Greece? Sure, And There's Snow In Mykonos Too - Forbes

  Let’s look at “austerity” in Greece, which must certainly be under the greatest pressure of any government today to resolve its financial issues.
In January-May 2012, the central government had revenue of €18.173 billion (this is net of the public investment budget, which is accounted for separately). It spent €29.243 billion.