2 ms·
Trade surplus without a safety valve (the ability to devalue a currency) is very much a problem since it leads to unsustainable debt buildups. Germany should b
by crdoconnor 10y ago
Trade surplus without a safety valve (the ability to devalue a currency) is very much a problem since it leads to unsustainable debt buildups.
Germany should be running a trade deficit with the rest of Europe right now but it refuses to.