Britain still lacks a fiscal exit strategy

The European Commission has criticised the UK (and a number of other EU Member States) for having 'optimistic' growth assumptions and bloated deficits, March 2010. Editorial in the FT says that European Commission makes fair criticism of the UK.

Spiegel Online International, 17.3.10: Great Britain Stars in Its Own Greek Tragedy http://www.spiegel.de/international/europe/0,1518,683832,00.html

European Commission: DG Economic and Financial Affairs: Stability and Growth Pact: All programmes and assessments: Stability and convergence programmes (or updates): 2009-2010 http://ec.europa.eu/economy_finance/sgp/convergence/programmes/2009-10_en.htm

BBC News, 17.3.10: EU attacks 'optimistic' economic outlooks http://news.bbc.co.uk/1/hi/8572149.stm

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