Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Even if we just look at trade balances the five biggest (trade) surpluses of Germany in 2012 are:

  1. France
  2. USA
  3. UK
  4. Austria
5.Switzerland

Two of these euro countries, three of those countries with a free floating currency.

by IM on Mon Mar 11th, 2013 at 06:31:57 AM EST
[ Parent ]
So the biggest trade surplus of Germany is with France, not just the biggest export figure. My argument stands. If the Eurozone consisted only of France and Germany, France would be in a current account crisis in a few years. The only reason it isn't already is that there are a few dominos to fall before France: Greece, Portugal, Spain, Italy...

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Mar 11th, 2013 at 08:11:28 AM EST
[ Parent ]

Display:

Occasional Series