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> As does the EU. Are you trolling? What kind of mechanism does the EU have? How does Germany have such a high surplus if such a mechanism is in place?!
by atmosx 10y ago
> As does the EU.
Are you trolling? What kind of mechanism does the EU have? How does Germany have such a high surplus if such a mechanism is in place?!
- davrosthedalek 10y agoIt has TRADE surplus. You were talking about funds. There is a substantial amount of money flowing from Germany, France and others into less fortunate countries via EU governed programs.
- atmosx 10y agoNo I'm talking about TRADE surplus.
- AnimalMuppet 10y agoBut EastLondonCoder and davrosthedalek were not talking about trade surplus. You are yelling at them for saying something that is true, because they're not talking about what you think they're talking about.
- nickbauman 10y agoNot the same kind of money, though. This is money that is part of the problem. The money goes in and the debt goes up twice as much. Not the same as the California example above.
- Tomte 10y agoTrade surplus is neither evil nor a problem in itself.
- crdoconnor 10y agoTrade surplus without a safety valve (the ability to devalue a currency) is very much a problem since it leads to unsustainable debt buildups. Germany should be running a trade deficit with the rest of Europe right now but it refuses to.
- nickbauman 10y agoUnless your currency policy is fixed by those you buy from. That's the fundamental problem here.