Germany blamed for EU economic trouble

Germany’s robust economy is being blamed for the EU’s economic imbalance, says an NPR Planet Money report.

The country’s GDP is growing because of increasing exports in machinery, electronics and automobiles; in fact, Germany’s economy itself is imbalanced as it’s exporting more than it’s importing.

Read: Global growth too slow

However, Germany’s strength is an issue for other EU countries because Germany isn’t spending its money to boost the European economy. Germans value thriftiness, and this comes at a cost to the EU, says NPR.

The European Commission has issued a warning to Germany that says it will be fined if it doesn’t do something to solve its economic imbalance.

Listen to the story here.

Also read:

Canadian economic growth to accelerate

Fund managers question recovery’s strength

Which stocks are hot right now?

Declining loonie contrains travellers

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.