![Europe's growth woes worsen Europe's growth woes worsen](https://www.cer.eu/sites/default/files/styles/spotlight/public/images/spotlight/in_the_press/2012/financial_crisis_sl-1329295545.jpg?itok=qjPHg3IQ)
Europe's growth woes worsen
"If everyone is deleveraging and fiscal policy is tightened against that backdrop, then no one spends," said Philip Whyte of the CER. "There has been a sea change in emphasis" from austerity to growth in much of Europe, Mr Whyte said, "but I don't detect much of a change in German thinking."