Demonstrators protest against austerity in Spain. European authorities are seeking to turn their focus from cutting back government spending to structural reforms. Photo: Reuters

Europe’s austerity-to-growth shift largely semantic

European Union changing its emphasis to reducing “structural deficits”, reforming labour markets and pension systems and cutting red tape

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Demonstrators protest against austerity in Spain. European authorities are seeking to turn their focus from cutting back government spending to structural reforms. Photo: Reuters
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