Germany V The World

a growing chorus of international critics warns that Germany’s trade surplus is endangering global growth, and putting Germany’s own future at risk. 
(Bloomberg)

German government representatives turn the argument around, saying that the problems in Southern Europe are not Germany's fault. On the contrary, says Berlin, countries like Greece, Italy and Spain have only themselves to blame for their troubles because they spent years living beyond their means and at the expense of their own competitiveness.
(Der Spiegel)

Francesco Saraceno's verdict on Germany : guilty as charged

While Melvyn Krauss dissents