Is Germany a currency manipulator? The answer depends on your definition but we should not feign surprise or outrage at the fact that somebody at some point was bound to complain about Germany’s large and persistent imbalances. Last year, the current account surplus reached 9 per cent of gross domestic product, the world’s largest in absolute terms.
德國是匯率操縱國麼？答案要看對匯率操縱國的定義。不過，對於某一刻註定會有人抱怨德國龐大而持久的貿易順差，我們不應假裝喫驚或憤憤不平。去年，德國經常項目盈餘與國內生產毛額(GDP)之比達到9%，其絕對數額爲全球之首。
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