Meitaki ma’ata Tēnā koutou, tēnā koutou, tēnā koutou katoa  29  RBNZ Media Release – Joint Statement from South Pacific Governor’s Meeting https://www.rbnz.govt.nz/news/2018/11/joint-statement-from-the-south-pacific-governors-meeting
In other words: external imbalances are a reflection of internal imbalances. Does this mean that countries or economic areas which are broadly in external equilibrium, such as the euro area, have nothing to contribute to the adjustment of these imbalances? Some people would say: if you are not part of the solution, then you are part of the problem.