Signs and wonders are happening! The German Handelsblatt has recognised that foreign trade surpluses are not necessarily a good thing. Although they have long been regarded in this country as hard proof of German competitiveness, the paper writes that a country’s surpluses inevitably create deficits in other countries, …
Hardly anything has been written or said more in recent weeks than about the paper by Trump’s new economic adviser, Stephan Miran, which forms the basis for the so-called Mar-a-Lago Accord, a new attempt to find multilateral solutions to the global monetary system. …
Now they are all up in arms. Nasty Trump has made good on his threat. He has indeed imposed tariffs on products from half the world, which should ensure that US imports rise less quickly and the US current account deficit falls. …
If you want to know what is going wrong in Germany in terms of economic policy, you can watch any news programme on the days when the Federal Employment Agency announces the monthly results of the labour market statistics. Take the heute-Journal programme from 28 February this year. …
