But he balks a bit at imposing fiscal austerity, which will throw hundreds of thousands out of work and may push the economy into recession.
His critics say the prime minister's first priority now should be to spur growth, not impose austerity.
Then came a 1998 budget that imposed austerity on everyone but the Government and the well connected.
Starting with backing from powerful Peronist unions, he may have more political support than his predecessor to impose austerity.
Jeremias imposed austerity at the expense of the Patriarchate, thus managing to reduce debt and improve its financial situation.
The UK was always going to be an important laboratory experiment for the US, as it imposed austerity by choice.
In exchange for European funding Greece was forced to impose strict fiscal austerity.
The riots were caused by the Government's decision to impose drastic austerity to save money for paying back Rumania's entire debt.
The Government tried to impose austerity anyway.
Then he managed to halve the indebtedness by imposing unimaginably severe austerity.