Commentators are placing the blame for Europe 's spending woes on government austerity . Alex Haley says Europe has n't really embraced austerity yet . He says the increase in government spending ca n't go on forever . Europe : Asking whether austerity works is like asking a drinker if sobriety works .
Commentators are placing the blame for Europe 's spending woes on government austerity . Alex Castellanos says Europe has n't really embraced austerity yet . He says the binge in government spending ca n't go on forever . Castellanos : Asking whether austerity works is like asking a drinker if sobriety works .