Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Under the semester I do not recall specific recommendations for Germany. We would like to see Germany reducing its current account surplus because a model where everybody eliminates deficits and nobody reduces surpluses does not seem to be tenable in the long term unless we run a balance of payments surplus with the rest of the world on a continuing basis. I do not think that is the way to go either. There must be some kind of internal balance but it is a work in progress. Much progress has been made.