If you're interested in what the Commission is holding back, take a look at one of the underlying studies. "If you know your enemies and know yourself, you will not be imperiled in a hundred battles." Sun Tzu
It seems that the mid-term review of the budget will not effect much as it's going now. But we're in for a few jolts before 2013.
Also... I thought it was bad. Kind of suspected it would be this bad. And it is!
