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Running a perennial trade surplus is unsustainable if the country belongs to an area with fixed exchange rates, unless all the other countries also run a big tr

by yxhuvud 14y ago

Running a perennial trade surplus is unsustainable if the country belongs to an area with fixed exchange rates, unless all the other countries also run a big trade surplus.

varjag 14y ago
German exports are not contained to EU, it's a major exporter worldwide.
- yxhuvud 14y ago
  That doesn't matter. If the rest of EU has a trade deficit the imbalances will still accumulate. The result of that is what we are currently seeing.