German economists back British Chancellor

by Paul Goodman

George Osborne said in his budget speech that the Government's spending plans "have been strongly endorsed by the IMF, by the European Commission, by the OECD, and by every reputable business body in Britain".

He can now add three senior ECB economists to that tally.

Politeia has published an assessment called More Gain Than Pain: Consolidating the Public Finances.  In it, Philipp Rother, the head of the bank's fiscal surveillance section, Ludger Schuknecht, senior adviser in the economics directorate general, and Jürgen Stark, a member of the executive board and governing council, line up behind the Chancellor.

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