17 Apr 2017
France's Macron: German trade surplus harmful to EU economy - BBG
In an interview published Monday with Germany’s Funke Mediengruppe and France’s Ouest-France newspaper, the French independent presidential candidate Emmanuel Macron noted that Germany’s large trade surplus is likely to hamper the Euro zone economic growth, while for more balance, Bloomberg reports.
Key Quotes:
“Germany benefits from the imbalances within the euro zone and achieves very high trade surpluses”
“Those aren’t a good thing either for Germany or for the economy of the euro zone. There should be a rebalancing”
“As long as we’re delaying those we cannot expect Germany to trust us, after we already disappointed in 2003 and 2007”