EU commissioner: Germany won't be sanctioned in surplus probe

ERFURT, Germany (Reuters) - Germany's European Commissioner Guenther Oettinger ruled out on Saturday his country being sanctioned by Brussels as a result of a new investigation into its current account surplus.

The European Union's executive body decided this week to analyse the persistently high surplus on Germany's current account - which is largely due to it exporting far more than it imports - to gauge whether criticisms from the United States and elsewhere in the EU that it causes economic imbalances are justified.