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So it hangs on the odds of an external economic boom filtering through to the UK economy?

Well, that would seem to be a "quasi-external" boom, given the dominant influence of the EU economy as a whole in that.

So, what are the odds that the EU gets its act sometime in the next year, which would enable the start of a recovery in 2014 and an acceleration in 2015?

That would seem to be equal to the odds of a strong UK economy, if no domestic growth drivers are available ~ in part because they are not there, and in part because those that are there requires the opposite of a Tory policy to take advantage of.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Jul 16th, 2012 at 07:54:15 PM EST
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The EU will hit bedrock when either Italy or France are where Spain is now. Which is in 12-18 months.

The problem is that they might break out the explosives.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Jul 22nd, 2012 at 10:26:07 AM EST
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