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From austerity to growth.
They see François Hollande's victory in France as a sign that, in Europe at least, the pendulum might finally be swinging from austerity to growth.
Without that, and a turn away from austerity to growth, Europe's crisis will continue and continue to threaten the American economy and the global recovery.
He endeavoured to shift the emphasis of the response from austerity to growth, but the March 2012 EU fiscal pact reduced the ability of signatory countries to embark on stimulus programs funded by deficit spending.
Sarkozy was swept from office in May by Socialist François Hollande, and against a backdrop of growing hostility toward budget cuts and tax hikes, Hollande changed the conversation from austerity to growth.
Robert Fico, the second-term prime minister, will concentrate on shifting from austerity to growth; this will win votes but put the country's commitment to EU deficit rules at risk.
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Like France's Socialist President Francois Hollande, he says it is time to shift from austerity to measures that stimulate economic growth and set up an EU banking union sooner than Mrs Merkel envisages.
As a country: from austerity to prosperity.
The belief that austerity leads to growth is absurd.
"There's an urgent need to adapt eurozone budgetary planning to shifting realities," said Klau. "Hollande means it when he calls for a refocusing of the crisis-fighting strategy away from austerity alone to include measures to boost growth.
The body politic can have its own impact: Occupy Wall St. and its domestic/global offshoots are a positive sign of engagement, engagement that may not fit everyone's how-to book but that has shifted the tone of debate away from austerity and toward growth.
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