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"It's a strong incentive to get the candidates to commit to fiscal austerity," he said.
If you had any doubts about where key figures in Europe are going, this should clear them up: Governments in and beyond the eurozone need not just to commit to fiscal consolidation and improved competitiveness – they need to start delivering on these now.
Sen. Lisa Murkowski (R-AK) issued a statement in March that read, in part: "I believe we can find a way to commit to fiscal responsibility while continuing to support the important benefits that N.E.A. and N.E.H. provide".
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Many of the new governors identify themselves as New Democrats, committed to fiscal discipline as well as activist government.
The Netherlands, in particular, has the kind of Grand Bargain the Washington Post editorial page dreams of — a government of national unity committed to fiscal austerity.
In Greece and Italy, we have witnessed ineffective but democratically elected governments replaced with national-unity governments headed by technocrats committed to fiscal austerity.
But they maintain that French banks have adequate capital to weather the storm, and expect efforts by European leaders, as well a new Italian government committed to fiscal reform, to help keep the crisis from becoming more severe.
Though decidedly modest when compared with a budget deficit estimated to be about £178 billion, the cuts represent an effort to convince skittish markets that Mr. Cameron's team is committed to fiscal restraint.
Both Mr Toledo and Ms Flores claim to be committed to fiscal prudence and a market economy, but want to boost jobs with a crash programme of low-cost housing.
The euro zone, in particular, is entering a new and dangerous crisis phase, with Germany seemingly committed to fiscal tightening even as its economy falls into recession alongside France and Italy.
Addressing this appalling waste and doing away with the internal market, which is estimated to cost between £4.5bn and £10bn to administer, should surely be the focus of a government committed to fiscal prudence.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com