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He added: "Austerity hasn't been working.
Mr Gething added: "Austerity and welfare reform are having a real impact on our ability to tackle poverty.
International creditors — the European Commission, European Central Bank and the International Monetary Fund — have warned Athens that failure to accept about $4 billion in added austerity measures would end further funding.
Added austerity, apart from proving to be almost impossible for people to bear, will likely retard a Greek recovery.
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We must not add austerity to the risk of recession".
Mr. Moscovici said after a cabinet meeting on Wednesday that the government did not want "to add austerity on top of austerity, either for France or for Europe".
He added that he did not want to "condemn the country to recession" by adding "austerity to the difficulties of today".
"We note that the figure for 2012 is not good, around zero, and so we also know that growth for 2013 will have to be re-thought". He added that he did not want to "condemn the country to recession" by adding "austerity to the difficulties of today".
In Europe, Mr. De Grauwe added, "excessive austerity, no fiscal stimulus and a European Central Bank not willing to do the same as the Fed is the wrong policy mix".
Mr. Tilford added, "Fiscal austerity of the order originally required by the E.U. would have simply pushed the Spanish economy into a slump".
He added fiscal austerity policies increased the risk that the poorest households in western countries would become "food insecure" – meaning they were unable to access healthy food on a regular basis.
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