![تويتر \ Robin Brooks على تويتر: "@adam_tooze @Brad_Setser Greece is an extreme illustration how misleading it can be to focus on headline current accounts. It's deficit has shrunk a lot (blue), but تويتر \ Robin Brooks على تويتر: "@adam_tooze @Brad_Setser Greece is an extreme illustration how misleading it can be to focus on headline current accounts. It's deficit has shrunk a lot (blue), but](https://pbs.twimg.com/media/D_NW1heXUAAhLSD.png)
تويتر \ Robin Brooks على تويتر: "@adam_tooze @Brad_Setser Greece is an extreme illustration how misleading it can be to focus on headline current accounts. It's deficit has shrunk a lot (blue), but
![Average current account balances (as % GDP) and output gap (2015-2016).... | Download Scientific Diagram Average current account balances (as % GDP) and output gap (2015-2016).... | Download Scientific Diagram](https://www.researchgate.net/profile/Andrea-Fracasso/publication/323110775/figure/fig3/AS:595034227355648@1518878623699/Average-current-account-balances-as-GDP-and-output-gap-2015-2016-Euro-area.png)
Average current account balances (as % GDP) and output gap (2015-2016).... | Download Scientific Diagram
![Robin Brooks on Twitter: "In principle yes. In practice no. It's almost impossible to rationalize in terms of hours worked why Italy's potential GDP, according to the IMF, falls -6.5% in 2020 ( Robin Brooks on Twitter: "In principle yes. In practice no. It's almost impossible to rationalize in terms of hours worked why Italy's potential GDP, according to the IMF, falls -6.5% in 2020 (](https://pbs.twimg.com/media/Enbqj_MXcAMPdKZ.png)
Robin Brooks on Twitter: "In principle yes. In practice no. It's almost impossible to rationalize in terms of hours worked why Italy's potential GDP, according to the IMF, falls -6.5% in 2020 (
![Reflections on the Stability and Growth Pact's Preventive Arm in Light of the COVID-19 Crisis - Intereconomics Reflections on the Stability and Growth Pact's Preventive Arm in Light of the COVID-19 Crisis - Intereconomics](https://www.intereconomics.eu/files/journal-issues/intereconomics/10.1007/s10272-020-0919-8/Forum-Leiner-abb4.png)
Reflections on the Stability and Growth Pact's Preventive Arm in Light of the COVID-19 Crisis - Intereconomics
![Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article) Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)](https://wiiw.ac.at/files/news/images/386-1478-big.jpg)