Posts Tagged ‘fiscal authority’

Notes From Underground: Germany Will Be Tied to the Whipping Post at This Week’s IMF/G20 Meetings

October 7, 2014

Remember the good old days when China suffered the wrath of the toothless tiger of International Organizations and their worthless photo ops and selfies? The Germans are the target of the policy makers struggling to combat global financial imbalances as the German current account surplus as percentage of GDP far exceeds that of China, making the Germans the target of the world’s slings and arrows for creating such outrageous fortunes.

(more…)