By Steven Arons
FRANKFURT (MNI) - As Germany sails towards another record-busting export
surplus, its institutions are preparing for a public relations campaign against
curbs from abroad.
The German economy achieved its highest-ever trade surplus by far last in
2014, busting through the E200 billion threshold for the first time to land at
E217 billion, more than 10% over the previous year's level.
This astronomic figures has raised eyebrows abroad, with the EU Commission
deciding last month to upgrade Germany to 'stage 3' of its economic imbalances
procedure, which "requires specific monitoring and decisive policy action".
"Large and protracted surpluses may reflect economic inefficiencies with
low domestic investment and demand," the EU Commission wrote at the tim