03.03.2014 - How a German sovereign wealth fund could help to rebalance the eurozone
Germany is on the dock, big time. In its 2013 ĎAlert Mechanism Reportí the European Commission announced that Germany jointly with Luxembourg would have to undergo a thorough review of its potentially disturbing high current account surplus. The procedure is a legal necessity given that over the last three years Germanyís surplus has been above the critical level of 6% of its GDP. The Commissionís alert was preceded by a stern warning in a report to the US-Congress on international exchange rates in regards to the potentially deflationary impact of Germanyís current account surpluses...............................................Full Article: Source
Print