Buba’s Weber rebuffs criticism of German surplus
Axel Weber, the president of the Bundesbank, on Tuesday hit out at critics of Germany's trade balance, arguing that expansionary fiscal policy to boost demand in the eurozone's surplus countries was a flawed notion.
In remarks in New York, Weber said stimulating demand in surplus countries in order to boost the export performance of deficit countries would not cure the eurozone's ills because trade flows within the currency union were diverse. "Given the current trade structure, an increase of
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