For the ETUC, the question is not whether but how to reduce public debts. Austerity, as explained above, will fail to bring debt back under control. What we need to do instead is to turn austerity policy on its head. Securing and transforming the recovery in a process of self sustained growth must come first. Falling deficits will follow afterwards and mainly automatically as a result of the renewal of the economy. Europe can only get rid of debts by growing out of debts, and by creating (...)