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The question for U.S. exports — and the global rebalancing overall — is whether the downturns in China and Europe will be short lived enough that the longer, more optimistic trend can take hold once again.
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Apart from stricter budget discipline and surveillance, the compromise should involve a procedure for managing an orderly default in a euro-zone country, and a method for rebalancing the overall European economy between surplus and deficit countries.
This has allowed Mr Hollande to tell voters he has "rebalanced" the overall package.
"If you look at the overall economic strategy of the government, it is about getting back to rebalancing the economy, stimulating growth," said business secretary Vince Cable.
"There are signs that the UK economy is rebalancing with global investors favouring locations outside of the capital, which is good news for the UK's overall future performance".
"Overall, our trade deficit is still too large, and we are not making fast enough progress in rebalancing our economy towards net exports," he added.
"Rebalancing" is in.
Rebalancing happens very slowly".
Reclaiming and rebalancing privilege.
So much for rebalancing.
The economy is rebalancing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com