Fabrizio Coricelli's picture
Affiliation: 
Paris School of Economics
Credentials: 
Professor of Economics

Voting history

German current account surpluses

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Question 1: Do you agree that German current account surpluses are a threat to the Eurozone economy?

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Answer:
Strongly agree
Confidence level:
Very confident
Comment:
An aggravating problem is that, in contrast with the pre-crisis period, the increase of foreign investments corresponding to the huge German current account surplus is not going to sustain investment and consumption in the eurozone countries in difficulties (especially Southern Europe), as these countries have turned from large deficits to sizable surpluses in their current account.

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