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> Germany couldn't run its huge trade surplus without its currency appreciating The Euro policy is not German monetary policy. Germany has always asked for a h
by lispm 10y ago
> Germany couldn't run its huge trade surplus without its currency appreciating
The Euro policy is not German monetary policy. Germany has always asked for a harder currency policy.
Germany also had a huge trade surplus long before the Euro. The economic numbers were going down after a the reunification and its problems (collapse of the East German economy). Germany is now back to the same success West Germany had before the reunification. Now with a larger market (the EU integration now is deeper and with more countries), simplified exports to the larger market (mostly) with a common currency, a much better access to east Europe as an emerging market, ...