>The size of the public sector which is an important part of our economy will have to shrink.

Yep, that's what they always say. Yet the only countries in Europe that are doing GREAT are countries with big and healthy public sectors: Sweden (+4%), Germany, Austria, Denmark etc.

care to explain, instead of just down-voting?

here's the link: (see: "growth") http://www.economist.com/blogs/dailychart/2011/05/europes_ec...