The European Union has placed Germany under scrutiny for doing too good a job. The predicament is that Europe's biggest economy is producing such a big export surplus, that it could be throwing the rest of the bloc out of whack.
German exports recorded a surprise fall in October for the second straight month while imports grew, narrowing the massive trade surplus of Europe’s biggest economy. But the decline is unlikely to silence critics.
As European Union leaders meet in Brussels for the last time this year, three major items dominate the agenda: Brexit, defense and migration. However, Emmanuel Macron's push for eurozone reforms will likely have to wait.
Tokyo and Brussels have agreed a free trade accord, opening up the EU to Japanese cars and Japan to European cheese. Japan's economy meanwhile has recorderd its longest uninterrupted growth since 1994.
Representatives of the 164 WTO member countries are in Buenos Aires for their biennial meeting. The odds of a breakthrough look grim against the backdrop of Donald Trump's 'America First' policy and discord over China.
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