Figures sent to me by Professor Tim Congdon:
In 1991, at 21.821%, the Eurozone's share of world output was respectable.
I wonder if we feel that the 14.253% achieved in 2011 and the predicted 12.35% by 2016 are equally acceptable?
(Figures exclude EU economies not using the euro - these do not slew the figures. The UK is a separate issue.)
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