No. 301. The Macroeconomic Imbalance Procedure and Germany, When is a current account surplus an 'imbalance'?:
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Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Brussels [Belgium] CEPS Centre for European Policy Studies 2013
Schlagworte:
Online-Zugang:BSB01
Beschreibung:The Macroeconomic Imbalance Procedure (MIP) was designed to prevent the emergence of imbalances like the largeand persistent current account deficits that occurred in Spain and Ireland. But within this mechanism, a current account surplus is also viewed as a source of concern. Indeed, last year's Alert Mechanism Report (AMR), issued by the European Commission signalled an excessive current account surplus for the Netherlands and Luxembourg, while Germany just barely scraped by with a 5.9% surplus, marginally evading the 6% threshold (over a 3-year average)
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