Heiner Flassbeck and Friederike Spiecker – The German current account surplus: Much larger than officially reported?

It appears the German government is manipulating its trade surplus statistics to avoid increased criticism. While Germans believe a massive trade surplus is a confirmation of national superiority, elsewhere it is termed “beggaring thy neighbour”. … Continue reading Heiner Flassbeck and Friederike Spiecker – The German current account surplus: Much larger than officially reported?