Laura Tyson & George Papaconstantinou laments the United States’ indifference to global imbalances ahead of the upcoming summit in France.
EU reduces current-account surplus, redirecting savings to domestic investment and growth at June's G7 summit in France. This signals European economic autonomy amid US reluctance to address global imbalances—a strategic shift reshaping G7 cooperation dynamics.
en English
Jun 12, 2026
Laura Tyson
and George Papaconstantinou
Slowly but surely, the European Union is taking steps to reduce its current-account surplus and direct more of its substantial savings into domestic investment and growth. Unfortunately, at the G7 Summit in France this month, the United States will refuse to address global imbalances, including its own.
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