Economy still in the dumps? Let’s blame Germany! « Hot Air: "In its semi-annual currency report, Obama’s Treasury department skewered Germany for pumping up exports, claiming that its large current account surplus weighed on the global recovery. It is such a nonsensical charge, given Germany’s relatively robust gains in consumer spending (compared to its neighbors) and the pivotal role played by that country in the EU’s survival, that it was immediately dismissed by German authorities, and rightly so."
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