People in Europe keep paying more in taxes and are receiving fewer benefits and services.
Politicians going down this path will be thrown out of office in the next election.
Europeans are fed up with austerity.
The problem is not austerity. When you are overspending, you need to cut the spending until you stop running deficits. Mind you, deficits should not have been allowed in the first place.
The problem is that European politicians chose stability over financial responsibility, using nail clippers when they needed to use hedge clippers. Now that the politicians are willing to use hedge clippers, to get their house in order, they now need a neutron bomb.
They are about ten years too late to really do anything without pain.
“austerity” is such a stupid word.
If you don’t keep deficit spending forever, they call it “austerity”