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Tag Archives: current account balances

IMF Provides Cover for Europe’s Dysfunctional Currency Union

The Council on Foreign Relations’ Brad W. Setser has produced a couple of interesting blogposts on Germany’s fiscal policies of late. The first one, titled “Germany Cannot Quit Fiscal Consolidation,” was published at the end of August. On September 18th, the second one appeared, titled “The Global Cost of the Eurozone’s 2012 Fiscal Coordination Failure.” The latter is more limited in scope and draws heavily on a recent report by the Banque de France. Setser elaborates on the rather...

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