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I see that Ambrose has finally given up on his repeated predictions of the imminent demise of the Euro.
He is one of those people who is seemingly never right. If you look at the facts and not the commentary its a good article highlighting the lack of investment and a budget requirement for a balanced budget which could cause problems down the line.
He is one of those people who is seemingly never right. If you look at the facts and not the commentary its a good article highlighting the lack of investment and a budget requirement for a balanced budget which could cause problems down the line.
It is interesting how you can spin the most positive economic news to be negative.
The facts:
The economy is growing strongly
Low inflation
Improving productivity
Wage growth
Running a budget surplus
Low private debt
Average asset prices
The question you have to ask yourself is if the UK could boast the same and Germany was like the UK would Ambrose then be arguing that Germany would be successful. I very much suspect that he would be boasting about the UK and sneering at the demise of Germany.
I like the bit about monetary union and a loose economic policy; he seem to have changed his tune because he used to argue it was too strict. He seems to sway in the wind desperately finding arguments as to why the Eurozone is about to imminently destruct whilst ignoring the economic doom on his doorstep.
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