The probe against Germany comes within the framework of the EUs macroeconomic imbalances procedure, which looks into economies that run trade surpluses exceeding 6 percent of their gross domestic product (GDP) for years. It doesnt mean that a country under review is automatically at risk of facing EU sanctions. However, punitive measures could be applied down the road if a state failed to address the imbalances. They might amount to a fee of 0.1 percent of a countrys GDP, which in the case of Germany would mean several billion euros. In 2012, the European Commission launched similar reviews against Belgium, Britain, Bulgaria, Denmark, Finland, France, Italy, Hungary, Malta, the Netherlands, Slovenia, Spain and Sweden. dw.de/eu-to-review-excessive-german-trade-surplus/a-17223262
Posted on: Wed, 13 Nov 2013 16:27:40 +0000
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