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"It's not only fiscal consolidation.
Mrs. Clinton said the relatively meager amount of new assistance reflected not only fiscal austerity at home — she told Mr. Jibril that such aid faced deep opposition in Congress — but also the fact that oil-rich Libya needed expertise more than cash to rebuild its society and economy after four decades under Colonel Qaddafi.
That means not only fiscal policy (government deficit spending) but monetary policy (unprecedented quantitative easing) will have failed.
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"We need to talk not only about fiscal discipline, but also about growth.
"Tonight California won a huge victory, not only for fiscal responsibility but for bipartisanship".
It is based on the premise that we can profit from each other, not only in fiscal but in social and intellectual terms.
The point is not only that fiscal contraction should be eschewed in times of depression, but that, with the private sector not spending enough, the government should be using fiscal policy actively to offset private sector contraction.
"It is indeed of utmost importance that national policies continue to focus not only on fiscal measures," Mr. Draghi said, "but at the same time address key structural problems in labor and product markets".
Meanwhile, not only is fiscal austerity pushing the eurozone periphery into economic freefall, but the loss of competitiveness there will persist as relief at the waning prospect of disorderly defaults strengthens the euro's value.
London's business sectors might also look fundamentally different, with profitability judged not only in fiscal terms but by the social and environmental impact they have on their local area.
"He was not only a fiscal expert, but an expert on government operations, and they offered him up as a scapegoat to the bankers," Mr. Edelstein said in an interview Thursday.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com