Time and again in the German and European media the story is told that the problem with Germany’s current account surpluses is no longer relevant as its surplus with countries of the EMU disappeared. According to many observers this is proof positive that German trade surpluses do not harm the European economy and that they certainly have no bearing on the euro crisis. …
A shrinking German current account surplus with the euro area? (part 1)
8. February 2016 I