| Author (Corporate) | Deutsche Welle |
|---|---|
| Series Title | Article |
| Series Details | 31.10.13 |
| Publication Date | 31/10/2013 |
| Content Type | News |
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A US Treasury report (Semiannual Report on International Economic and Exchange Rate Policies, October 2013) has offered a rare criticism of German economic policies, warning its export-reliant growth model was harmful to the eurozone. In the Treasury report, published on the 30 October 2013, the Obama administration criticized Germany for maintaining a large trade surplus throughout the eurozone. It also flagged up Germany's limited domestic demand-led growth as a risk not only to the eurozone but to global economic recovery. BBC News reported on the 1 November 2013 that Germany hit back at US criticism of its export-led growth model, describing the attack as "incomprehensible". |
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| Source Link | http://dw.de/p/1A9P9 |
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| Countries / Regions | Europe, Germany |
