"I don't agree that Spain should go through excessive and stupid consolidation that puts it in a more difficult situation than it already is, but on the other hand Spain is the fourth- largest economy of the euro zone and as such it cannot take total leave from the promises it has made," Juncker said.

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/13/bloomberg_articlesM0SODU0YHQ0X01-M0TQX.D TL

"Austerity measures are stupid," Juncker.