The European Central Bank (ECB) announced a €9 (US$10) billion surplus in the eurozone’s current account for May, a significant rise compared to April’s €4 billion. The upturn contrasts starkly with a deficit of €14 billion in the previous year, mainly due to increasing energy import costs. May’s data revealed a €23 billion surplus in […]
The EU has racked up a current account deficit to the tune of US$55 billion so far this year
