Angry EU voters, citizens rebel against austerity

"What is happening in Europe is the austerity drive is actually slowing down the necessary rebalancing of European economies," said Simon Tilford, chief economist at the CER. ... "I don't think there are any examples of countries accepting endless austerity and downward standards of living ... There has to be light at the end of the tunnel. ... There can be no fiscal sustainability across Europe as a whole without a return to economic growth," Tilford said.