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UK quantitative easing policy criticised

In a surprise attack by a supposed ally in Europe, Gordon Brown felt the full wrath of German Chancellor Angela Merkel today after she heavily criticised the U.K.'s policy of quantitative easing. Despite the fact that the European Central Bank is also executing such a policy at this moment in time Ms Merkel felt the UK was a valid target for her differing opinion.

While the full benefits of the quantitative easing programme in the UK have yet to show through many people believe it will in due course assist the recovery. However, as Angela Merkel suggested, there are also concerns that injecting significant cash into the economy could well fuel inflation which could quickly move out of control. Whether this will happen or not is open to debate but we have seen significant cracks start to appear across Europe.

On the face of it you would assume that European partners are pulling together for the good of the European economy but under the surface each and every government in Europe is looking after its own local markets. While there's nothing wrong with this, we have seen significant criticism directed at country such as the UK, which appear to be faring worse than many European partners at this point in time.

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