"Full austerity" is wildly hyperbolic. Here's EU government spending as share of GDP: https://tradingeconomics.com/european-union/government-spending-to-gdp htt

"Full austerity" is wildly hyperbolic. Here's EU government spending as share of GDP: https://tradingeconomics.com/european-union/government-spending-to-gdp https://tradingeconomics.com/european-union/government-spend... Try to click on MAX and spot when governments went "full austerity".