That was underlined again on Friday by the German Economy Minister, Philip Roesler.

BBC: Deadlock in the eurozone

Indeed it is the profligacy and pollution of America's miracle economy that preoccupies Philip Shabecoff, for many years a writer on the environment for the New York Times.

ECONOMIST: The environment

"He almost single-handedly came up with the idea that the Fed should set benchmarks to target inflation, rather than tinker with the economy, " says Philip Reny, chair of the Chicago School of Economics.

FORBES: Milton Friedman Dies

Economist Philip McDonagh said anyone who did relocate from London would help the Northern Ireland economy because of the multiplier effect attached to their income.

BBC: Invest NI grant offered to London staff to relocate