Monday, 6 February , 2023

Surpluses

Greece: Perpetual Austerity

By  Leonidas Vatikiotis 26/04/2018 The current political debate in Greece is about the next day of the end of adjustment programs on August 2018, when the...

The danger of Germany’s current account surpluses

Through the prism of the trade balance, the current account surplus can be viewed as a symptom of Germany’s economic success. German exports increased from 30% of GDP in 2000 to 47% in 2015. But with imports at merely 39% of GDP, this implies that Germany is providing capital to the rest of the world at a very high rate. Indeed, German savings have