In the fourth quarter of 2021, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €49.6 billion (1.3% of GDP), down from a surplus of €69.6 billion (1.9% of GDP) in the third quarter of 2021 and down from a surplus of €125.4 billion (3.6% of GDP) in the fourth quarter of 2020
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This is the advantage of being the EU and euro hegemon: you are always the winner. This does not stop the Germans from complaining that the European Central Bank is ruining their economy. Never a […]
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