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Over the last two decades, the current accounts in the European Union (EU) have diverged substantially. This divergence has raised concerns about the sustainability of the core countries' current account surpluses since the peripheral countries' financing of their significantly rising levels of current deficits depends on them. In this study, by applying both linear and nonlinear unit root tests and taking into account structural breaks in the data-generating process, we examine the currentdoi:10.18267/j.pep.733 fatcat:ld62ok5e7fgbhiifxo5rl24zsy