We need to redress that imbalance.

But the central issue remains: who is to blame for the unsustainable imbalance in the world economy - and how can it be tackled?

In any case, fixing trade imbalances is not a simple matter of currency adjustment.

Or maybe it contained in its heart an imbalance or an infection, as happens to some of us.

THERE was a time not so long ago when European policymakers believed trade imbalances were only a problem for America and China.