Brussels, 16/01/2012 (Agence Europe) - On Monday 16 January, the European Commission said that the European Union was not only introducing an austerity policy in order to deal with the debt crisis. The Commission was reacting to criticisms by US credit ratings agency Standard & Poor's when it downgraded the credit rating of nine eurozone countries on Friday. Olivier Bailly, a Commission spokesman, said S&P's idea that Europe was only following a policy of budget austerity was not the right...