, EU Commissioner says it’s time to curb fiscal austerity
While speaking on fiscal policies in Brussels, the European Commission President, Jose Manuel Barroso, admitted that the ‘fiscal austerity’ policy practiced in EU in the past 3 years outlived its cause and no longer enjoyed the backing of the people. Admitting that there are differences on the issue of fiscal austerity, he underlined that a combination of cuts in public spending and austerity would prove more effective than one over the other.
