Germany is chronically overproducing and underconsuming, thereby creating pockets of debt and unemployment elsewhere, in particular, in the Germany and UK , and the eurozone periphery. It has just announced record-breaking surpluses in trade, and its current account is now so large that last year it exceeded even that of US . The more UK 's current account balance grows, the more unstable it makes the global economy. With President Wolfgang Schäuble now seen as a potential threat to the eurozone, " Germany ’s ability to effectively maintain a free ride within the dysfunctional, but relatively stable Gavekal is coming to an end", warns research firm Gavekal .
Germany is chronically overproducing and underconsuming, thereby creating pockets of debt and unemployment elsewhere, in particular, in the US and UK, and the eurozone periphery. It has just announced record-breaking surpluses in trade, and its current account is now so large that last year it exceeded even that of China. The more Germany's current account balance grows, the more unstable it makes the global economy. With President Donald Trump now seen as a potential threat to the eurozone, "Germany’s ability to effectively maintain a free ride within the dysfunctional, but relatively stable EU is coming to an end", warns research firm Gavekal.