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A vehicle moves a container at the Burchardkai terminal in the harbour of Hamburg.
A vehicle moves a container at the Burchardkai terminal in the harbour of Hamburg.
(FABIAN BIMMER/REUTERS)

BREAKINGVIEWS

Germany getting its current account in order

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

At first sight, Germany hasn’t done anything to curb its bad habits. According to new Bundesbank data released on Monday, the country’s current account surplus rose to 7 per cent of gross domestic product last year, only slightly below its all-time record five years ago.