Not sure why the parent post is being downvoted: https://www.economist.com/news/leaders/21724810-country-saves-too-much-and-spends-too-little-why-germanys-curre

Not sure why the parent post is being downvoted: https://www.economist.com/news/leaders/21724810-country-saves-too-much-and-spends-too-little-why-germanys-current-account-surplus-bad https://www.economist.com/news/leaders/21724810-country-save... > Underlying Germany’s surplus is a decades-old accord between business and unions in favour of wage restraint to keep export industries competitive. Such moderation served Germany’s export-led economy well through its postwar recovery and beyond. It is an instinct that helps explain Germany’s transformation since the late 1990s from Europe’s sick man to today’s muscle-bound champion.