BIS central bankers’ speeches  –  Consolidation should focus on expenditure side, especially where fiscal burden is already high (like Austria).
–  However, given the size of consolidation needs, supplementary tax increases necessary in many cases:  C.    Less distortive taxes, for instance on energy or wealth – to prevent undermining long-term growth potential;    Reforms of the tax structure – to enhance growth and labor market participation. Structural reforms  Rebalance economies of the euro area.