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2017-05-14

In 2016, Germany ran a current-account surplus of roughly $ 297 billion, or 8.6% of GDP

Changing the exchange rate would not diminish the incentive for Germans to save.

In the current European environment of near-zero interest rates, there’s little risk that additional public investment will crowd out private investment. 


Barry Eichengreen, Project Syndicate 14 May 2017

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