It is doubtless just an unfortunate coincidence. But the US Treasury’s criticism of German economic policy seems peculiarly crass and ill-timed – given two other recent developments: the revelations about US bugging of the German chancellor’s phone and America’s own debt-ceiling dramas. The American suggestion that Germany’s persistent current account surplus is a danger to the eurozone and thus to the world economy has the backing of many eminent economists. But it also invites certain rather obvious responses: Continue reading » | 
