"We refuse to add austerity to the recession," the minister, Pierre Moscovici, said.The austerity rethink may come as cold comfort to millions of Europeans, especially those living in countries that received bailouts, such as Greece, Ireland and Portugal. These countries remain under pressure to keep spending levels down and continue unpopular tax hikes â¿¿ even as they battle recession.
Europe Eases The Austerity Whip _ A Little
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