This is partly true but it is also a question of price. German does not pay her engineers and can just undercut competitors. Also, what do they get in exchange?

This is partly true but it is also a question of price. German does not pay her engineers and can just undercut competitors. Also, what do they get in exchange? Lehman certificates and Greek government bonds. Germany has always exported a lot but also imported a lot. The crazy export started just in the 90ies. It has been very unhealthy.