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Europe Daily Bulletin No. 10492

10 November 2011
Contents Publication in full By article 12 / 43
GENERAL NEWS / (ae) eu/economy
No penalties for current account surpluses

Brussels, 09/11/2011 (Agence Europe) - Member states like Germany that run up current account surpluses will no longer be penalised under the new early warning scoreboard for the surveillance of macroeconomic imbalances introduced as part of the updated Stability and Growth Pact. In a conclusions document published on Tuesday 8 November, the ECOFIN Council notes a statement by the European Commission to the effect that “unlike current account deficits, large and sustained current surpluses...

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