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As to the question of elected or not elected, each member of the European Commission has been appointed jointly by the governments of the 15 member states, and undergone individual scrutiny and a vote of confidence from the European Parliament. ↗
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First of all, I don't like to speak about austerity. I'd prefer to speak of fiscal discipline. Fiscal discipline, in the end, amounts to austerity if it is not accompanied by other policies. ↗
Growth in any individual European country has to be the result of policies for growth pursued in that country consistent with budgetary discipline. ↗
I have always been considered to be the most German among Italian economists, which I always received as a compliment, but was rarely meant to be one. ↗
