Bundesbank’s Dombret defends Germany’s current account surplus
Andreas Dombret, an executive board member at the Deutsche Bundesbank, has defended Germany's current account surplus on the ground that it is "not an economic harm but an economic asset".
Dombret told the European Banking Congress last week that the country's current account balance is not a result of "distinct government policies". Rather, he said, it is the result of "market-driven processes" reflecting the investment and saving decisions of millions of market participants. "For countries
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