I thought this was pretty good........

[socialist_n_TN]

https://www.jacobinmag.com/2015/06/syriza-greece-austerity-neoliberalism-tsipras/

Explains austerity and it's supporters as well as anything.

[Depaysement]

1. In short

Default. Pull out.

[socialist_n_TN]

2. Nah. Prepare to exit the EU, BUT...........

make the Trioka KICK you out.

[TBF]

3. This about sums it up -

and I would add that this would apply historically as well

It is clear, therefore, that austerity is primarily a class policy. It constantly promotes the interests of capital against those of the workers, professionals, pensioners, unemployed, and economically vulnerable groups. In the long run, it aims at creating a model of labor with fewer rights and less social protection, with low and flexible wages, and no substantial bargaining power for wage earners.

[socialist_n_TN]

4. Yeah, I thought so too T......

That paragraph was a great summation. Austerity IS the ruling class policy and ONLY benefits the ruling class.