Economics
EU Floats Probe of Germany as Trade Surplus Seen Rising
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The European Union threatened a probe of Germany’s trade surplus, adding to criticism from the U.S. and the International Monetary Fund that the German reliance on exports is hindering Europe’s economic recovery.
The review would follow the European Commission forecast today that Germany’s current-account surplus will reach 7 percent of output this year and 6.6 percent in 2014. That’s up from a May estimate of 6.3 percent and 6.1 percent respectively.