The idea that the EU is gripped by anything resembling an "austerity dogma" is preposterous.
The trend toward expansive government that is exemplified by this graph on social welfare spending as a percentage of GDP over time is the elephant in the room, and what any economist worth their salt would blame for the growing sluggishness of the EU economy:
The trend toward expansive government that is exemplified by this graph on social welfare spending as a percentage of GDP over time is the elephant in the room, and what any economist worth their salt would blame for the growing sluggishness of the EU economy:
https://ourworldindata.org/grapher/social-spending-oecd-long...