Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Checking tradingeconomics.com Portugal, Spain, Italy and Greece now all has small surpluses. (France still has a deficit, though it has decreased.) So now should be a good time to leave, as many euros goes in as comes out which decreases the risk of runs and shortages.

This is odd, Germany still has its huge surplus (7.5% in 2014). The eurozone itself shows a distinct surplus for the first time. Checking the numbers:

Euro Area Current Account | 1997-2014 | Data | Chart | Calendar | Forecast

Euro Area recorded a Current Account surplus of 31 EUR Billion in September of 2014.

Germany Current Account | 1956-2014 | Data | Chart | Calendar | Forecast

Germany recorded a Current Account surplus of 22300 EUR Million in September of 2014.

So Germany's surplus was about 2/3 of the Eurozones surplus. But who is allowing an undervalued euro? China?

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

by A swedish kind of death on Sat Nov 29th, 2014 at 02:49:54 PM EST
[ Parent ]

Others have rated this comment as follows:

melo 4
Migeru 4
JakeS 4


Occasional Series