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In the European context tax rates are high and government expenditure is focused on current expenditure. A "good" consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.

Mario Draghi
Government, Investment, Infrastructure
"Interview with The Wall Street Journal". Interview with Robert Thomson, Matt Karnitschnig, Brian Blackston, www.ecb.europa.eu. February 24, 2012.
In the European context tax rates are high and government expenditure is focused on current expenditure. A good consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and