Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
But the factual point remains. So if we consider a core with France, Germany, BeNeLux, and Italy (or should there be another configuration?) what countries would be in trouble and do they run an overall foreign surplus?

I'm thinking we could include all EU countries individually running a net surplus with the rest of the Eurozone. So, the first piece of data that is needed is the trade balance and current account balance of all EU countries.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Fri Jun 3rd, 2011 at 02:20:14 PM EST
All EU countries? Is it not enough with the Eurozone countries?

Anyway, I think CIA has what we want.

Like export statistics

This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

In the country listings both imports and exports are broken down on major trade partners so that we can see that France imports for about 110 billion dollars form Germany and exports for about 80 billion dollars to Germany.

Also current account balance

This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.

So that we can see that France 2010 with 53 billion dollars in deficit was on place 188 out of 191 countries data was available for. Number 189 is also EU: Italy. And 190 is Spain.

(USA is of course 191.)

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Fri Jun 3rd, 2011 at 04:03:22 PM EST
[ Parent ]

Display:

Occasional Series