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Germany as Scapegoat. CEPS Commentary, 10 December 2013

Gros, Daniel. (2013) Germany as Scapegoat. CEPS Commentary, 10 December 2013. [Policy Paper]

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    Germany has been an attractive target for external-deficit countries in Europe and beyond, but beating up on Germany alone appears to be the wrong way to get results. This CEPS Commentary by Daniel Gros argues that the discussion of Germany’s surplus confuses the issues in two ways. First, he points out that although the German economy and its surplus loom large in the context of Europe, an adjustment by Germany alone would only modestly benefit the eurozone periphery. Second, in the global context, he finds that adjustment by Germany alone would benefit many countries a little, but other surplus countries including Russia, China and Japan, would benefit disproportionally.

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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Germany
    Countries > Russia
    Countries > Japan
    Countries > China
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Dec 2013 10:01
    Number of Pages: 2
    Last Modified: 20 Dec 2013 10:01

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