Where spending cuts should, in principle, help to dampen inflation, European governments, like that of Spanish Prime Minister Mariano Rajoy, are backtracking on their budgetary commitments.
Terwijl bestedingsbeperkingen in principe moeten helpen om de inflatie te temperen, komen Europese regeringen, zoals die van de Spaanse premier Mariano Rajoy, juist op hun begrotingsbeloftes terug.