The Macroeconomic Imbalance Procedure and Germany: When is a surplus an “imbalance”?
AbstractIn this new Policy Brief, CEPS Director Daniel Gros argues that the 13 November announcement of the European Commission that Germany is running an excessive current account surplus appears to be much ado about little. All the Commission can, and will, do is to start an ‘in depth analysis’. This might lead to strong political reactions and an enormous echo in the media. But nothing of concrete substance is likely to follow.
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Bibliographic InfoPaper provided by Centre for European Policy Studies in its series CEPS Papers with number 8593.
Length: 5 pages
Date of creation: Nov 2013
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