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Are you saying that the present current account surplus will turn negative if they implemented the proposed New Punt plan or that they do not now have a surplus? Were such a New Punt to be implemented it would allow for more domestic economic activity. Were it to be devalued relative to the Euro that would reduce imports. The effects on Intel and other transnational corporations could be mitigated by allowing such corporations to continue to make purchases of raw materials in Euros, and, of course, to price and sell their products in Euros.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 5th, 2012 at 10:26:32 AM EST
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