Austerity is the word of the year. According to Merriam-Webster, “austerity” is the word of the year for 2010. The word – defined as “enforced or extreme economy” – appeared in headlines everywhere after Greece and other European nations enforced austerity measures to fight mounting debt. The word was in the news enough to spark over 250,000 searches at Merriam-Webster.com by people looking for the definition.
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