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.
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