Germany Can Reduce Its External Surplus
For years, Germany's ballooning current-account surplus has rankled the rest of the world, and German policymakers have thrown up their hands as if powerless to do anything about it. But the external imbalance is a result of policies that are fully within the government's power to change.
https://prosyn.org/ECqknUK
MUNICH – At just below 8% of GDP, Germany’s current-account surplus is the highest of any country in the world. Since the 2008 financial crisis, the size of the German surplus has raised hackles around the world, and it remains a topic of concern at the International Monetary Fund and other global institutions.