Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Thanks, Jerome.

Unfortunately, I think I must still be missing something.

On the map on that page, France appears red ("countries in current account deficit, 2005"), while Germany is in blue ("countries in current account surplus").

And on the List of countries and territories by current account balance list referenced at the bottom of that page, the estimate for Germany's 2005 current account balance is $115,500 million, while France's is -$38,780 million.

A negative current account balance means a negative change in official reserve account, doesn't it?  Otherwise, maybe the Wikipedia estimates are totally off?

Truth unfolds in time through a communal process.

by marco on Tue Jan 23rd, 2007 at 05:18:45 AM EST
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