The 3-year backward moving average of the current account balance as percent of GDP should be with in the thresholds of +6% and -4%.
It is Germany that lectures other countries to stick to rules!
more on Sparse Thoughts
11/27/2016
The EU, the wrong place for Germany
Germany’s current account surplus, since the MIP, the Macroeconomic Imbalances Procedure, came into force has been above 6% (it is expected to be 9% in 2016).
The 3-year backward moving average of the current account balance as percent of GDP should be with in the thresholds of +6% and -4%.
The 3-year backward moving average of the current account balance as percent of GDP should be with in the thresholds of +6% and -4%.
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