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The second bail-out programme for Greece: More austerity or 'reconstruction'? (Photo: European Commission)

Cracks show in EU austerity doctrine

If the subtle change in emphasis in the EU’s discourse on austerity is to be believed, some in the bloc are beginning to be much more open to policy options beyond public-sector cutbacks.\nOn Thursday (14 October) in a speech to Europe's great and good at an annual Brussels pow-wow of government ministers, journalists, businessmen and even nobility, European Commission President Jose Manuel Barroso marked a change in strategy, or at least in the rhetoric surrounding the bloc's policy response...

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