Dettmann, Georg; Möbert, Jochen; Weistroffer, Christian P. - In: Intereconomics : review of European economic policy 47 (2012) 4, pp. 257-264
Some current account rebalancing within EMU is currently in progress. Following the financial crisis, German current … account surpluses with Italy, Spain, Portugal and Greece have decreased. The following article shows that rebalancing has been … achieved mainly at the expense of domestic demand in these countries. Moreover, although all four peripheral countries have …