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Spanish firefighters protest austerity cuts in Barcelona

Paco Serinelli / AP

Firefighters burn a mock coffin bearing the words "RIP Public Services", during a protest against austerity measures in front of the Catalunya Parliament in Barcelona, Spain, on May 29. The European Union moved away from its focus on tough austerity Wednesday when it gave France, Spain and four other member states more time to bring their budget deficits under control to support their economies.

Paco Serinelli / AP

A police officer, left faces firefighters after a smoke bomb was set off during a protest against economy cuts in front of the Catalunya Parliament in Barcelona, Spain, Wednesday on May 29,.

Paco Serinelli / AP

Riot police charge at firefighters during a protest against austerity measures in front of the Catalunya Parliament in Barcelona, Spain, on May 29, 2013. The European Union moved away from its focus on tough austerity Wednesday when it gave France, Spain and four other member states more time to bring their budget deficits under control to support their economies.

 From Reuters:

BRUSSELS (Reuters) - The European Commission will further shift the EU's policy focus from austerity to structural reforms to revive growth when it presents economic recommendations for each member state on Wednesday, officials said.

In its annual assessment as guardian of the EU's budget rules, the Commission will say that while fiscal consolidation should continue, its pace can be slower now that a degree of investor confidence in the euro has been restored. Continue reading here.