U.S. asks questions about Germany's effect on the world economy

By Aliza Kempner

The United States is pointing fingers for the continued economic depression and the Germans don’t like it at all. 

The U.S. Treasury report on foreign economic and currency policies asserts that Germany’s huge surplus on current account has created “a deflationary bias for the euro area, as well as for the world economy.” 

While European debtor nations have responded with harsh austerity measures, Germany hasn’t made any adjustments. The New York Times explores the repercussions of Germany’s asymmetrical approach to the trade surplus. 


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