FINANCE-TV

18.03.13

Johannes Müller, chief economist at Deutsche Asset & Wealth Management: “Current account deficits are at the core of the crisis.”

As Germany reflects upon the 10th anniversary of its structural reforms known as Agenda 2010, the debate about how to best get out of the crisis is going strong in many European countries. Johannes Müller, chief economist at Deutsche Asset & Wealth Management, says that the primary goal should be to reduce current account deficits. “Current account imbalances are at the core of the crisis,” he says. Müller concedes, however, that many countries in Europe are making good progress in turning their economies around.

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