"Thanks a lot, but no." This is the answer that the European Commission should receive for their 10 billion-euro miniplan for building jobs and growth.
If this amount of funding could solve the EU's growth problems, then we are approaching a precipice. If, as Barroso argues, there is no more funding available, then another exit strategy will have to be developed if member states are to recharge their GDPs and clean up public accounts.
The only way out lies in accepting the uniqueness of the situation, which communitarian treaties are considering, and relaxing to some extent deficits for those who are meeting their agreed-upon obligations.
Perhaps it is not enough for a country to show that it has made clear steps toward austerity? It has now been proven that too much budgetary zeal does not cure, but kills.
