CEPS © 2019

Ten years after EULEX Key principles for future EU flagship initiatives on the rule of law
Policy Contribution

The Macroeconomic Imbalance Procedure and Germany: When is a current account surplus an ‘imbalance’?

by Daniel Gros / Matthias Busse
13 November 2013

The Macroeconomic Imbalance Procedure and Germany: When is a current account surplus an ‘imbalance’?

Daniel Gros / Matthias Busse

Download Publication

4810 Downloads

In 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.


About the Authors


The Macroeconomic Imbalance Procedure and Germany: When is a current account surplus an ‘imbalance’?
Download Publication

4810 Downloads