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Bundesbank chief hits back at Lagarde's criticism of German surpluses

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Raising public spending in order to reduce Germany's current account surplus would likely be a futile undertaking, says Mr Weidmann.

Frankfurt 

JENS Weidmann hit back at criticism of Germany's current-account and budget surpluses by International Monetary Fund managing director Christine Lagarde, saying that increasing public spending to tackle the issue would be the wrong way to go.

The Bundesbank president

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