Thursday, January 16, 2014

Wolfang Münchau on Germany' Current Account Surpluses

I am very glad about this article by Wolfgang Münchau. He does not follow the trend of focusing on all the alleged damage which Germany' surpluses cause in the rest of the world. Instead, he focuses on the enormous risks and potential damage which those surpluses could (or will?) have on the German economy itself. A point which I have made for quite some time now.


  1. Warum auch muss ich bei "Münchau" immer spontan an Baron "Münchhausen" denken?

    H. Trickler

  2. Because you have a sick sense of humor, I like that, muuuch better than no sense.