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Sadly Germans seem unable to understand that their surplus is not a sign of economic success, but the result of misguided policies that keep the rest of Europe
by angersock 12y ago
Sadly Germans seem unable to understand that their surplus is not a sign of economic success, but the result of misguided policies that keep the rest of Europe in recession.
...which in turn strengthens the German position, right? In turn giving them de facto economic success?
- james1071 12y agoThe surplus is used to accumulate claims on other countries (i.e. Germany is lending foreigners money). Unfortunately, Germany is not going to be repaid in full, so the policy is utterly stupid.