Monday 27 February 2017

EU verdict on progress is yet again unsettling

Yesterday, we were once more forced to feel the chilling breath of an EU “surveillance team”, dispatched by the EU Commission and the European Central Bank to warn us that there may be trouble ahead Photo: Bloomberg
Yesterday, we were once more forced to feel the chilling breath of an EU “surveillance team”, dispatched by the EU Commission and the European Central Bank to warn us that there may be trouble ahead Photo: Bloomberg

They say there is no education like adversity. Given our experiences of the past few years that ought to mean we have one of the best-schooled governments in Europe.

And yet surveying the current industrial landscape and the pressure building up on pay, and competing demands for increases in government spending, one might be forgiven for wondering if there had ever been an economic meltdown at all.

Yesterday, we were once more forced to feel the chilling breath of an EU "surveillance team", dispatched by the EU Commission and the European Central Bank to warn us that there may be trouble ahead.

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