In its Economic Survey of the Euro Area, the OECD emphasized the urgency of seizing the opportunity of the current European economic revival to push through fiscal reforms. The OECD recommends changes – starting with expenditure restraint – that would restore the sustainability of public finances, especially in high-debt countries.
For a press release, see http://www.oecd.org/document/40/0,2340,en_2649_201185_37849384_1_1_1_1,00.html