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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

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