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After the global financial crisis of 2007-08, several European countries (such as Spain) were forced to eliminate their current account deficits after also suffering a
After the global financial crisis of 2007-08, several European countries (such as Spain) were forced to eliminate their current account deficits after also suffering a "balance of payments" crisis. Why eliminating Spain's current account deficit was thought to be a positive response to the 'balance of payments crisis? Cite the information, thanks.
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