EU anti-austerity backlash

Politicians braced for backlash as Europe turns against austerity | Business | The Observer
It's very hard to know where to stand on the EU  crisis. On the one hand can appreciate the augments to reduce debt, but on the other I would definitely think Keynesianism sounds right on the need for government stimulation of the economy when it flags. Of course the problem is over reliance on deficit during the good, or at least better, times puts most countries in a bad starting position for this. Overall though, while aware hard economic pragmatism is needed, my gut reaction to the anti austerity backlash is positive. Firstly, I think the austerity measures hit the least able (and least responsible for the crisis) most, and so are unfair. Secondly, not least after the global groupthink failure of so called experts on 2008 , I can easily believe that the same can happen again, and leaders and elites (even if probably out of sincerity) are blinkered to alternatives to the existing financial system. The slavish devotion to the "markets" while logical within the rules of the current game, ignore the fact that the game can be changed, not by markets but de facto by governments (though not on their own except for maybe the US or China).  One thing is I think for sure however, simply muddling along playing the same game isn't going to work, and massive and creative steps are needed. I'm not going to hold my breath for it though...