"For an informed debate"
Transforming France for dynamism and inclusion
...US, adding to the already large current account deficit. In the past 25 years, economic policy in Europe, and to some extent in the United States as well, has been in a rut. The political party currently in power says that it favours faster economic growth, and that therefore it’s raising...
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The EU-US economic partnership in an era of globalization
...going into details reveal a paradox: one, the US deficit is not a deficit with Europe, it’s a deficit with Asia; two, the flexibility of exchange markets is not with Asian currencies, it’s with European ones. Most observers recognize now that further adjustments of the dollar should take...
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Concordia is the daughter of Mars (USA) and Venus (Europe)
...countries. Now the budget. We have a huge deficit, and I am very glad that Paul Wolfowitz said that he was encouraged by Gleneagles, but we have a large defense budget, that priority was made and the question is whether President Bush is going to be able to live up to what he promised at...
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Should the G20 agree to current-account balance targets?
...But at the same time it cannot be said that deficits and surpluses are equal threats. The deficit is a threat because capital markets may at some point stop financing it. The surplus is a threat because the country may at some point lose part of its external assets. These are not equivalent...
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