But he said the governments of eurozone members states deserved credit for the "extraordinary progress" they had made in terms of fiscal consolidation and structural reforms.

BBC: Davos 2013: Draghi sees 2013 eurozone recovery

The bigger point that Mr Cable is making here is that Mr Osborne has defined his strategy in terms of the current, structural deficit: that is, borrowing that is not due simply to the weak state of the economy and that is NOT used for public investment.

BBC: Vince Cable's plan B: a "matter of judgement"

Structural funds are allocated in order to reduce regional disparities in terms of income, wealth and opportunities amongst European union members.

BBC: Finance Committee

Structural Funds are distributed by the European Union on a seven-year basis in order to reduce regional disparities in terms of income, wealth and opportunities.

BBC: Enterprise and Business Committee