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After joining Germany, the Netherlands and Finland in advocating for fiscal discipline as the only antidote to Europe's sovereign debt crises, Brussels is starting to change its mind.
Faced with declining growth, even once-orthodox Monetary Affairs Commissioner Olli Rehn has recently stated that an easing of austerity would be justified "by rational economic theory", adding that the political pressures of the richest countries would make it difficult to do so.
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