Germany’s trade surplus is a threat to global stability, and must be fixed Germany’s trade surplus is a threat to global stability, and must be fixed
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  1. #1

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    Default Germany’s trade surplus is a threat to global stability, and must be fixed

    "What is the biggest threat to the stability of the global economy right now? Britain leaving the EU? Donald Trump’s taste for bone-headed protectionism? The Federal Reserve raising interest rates too quickly, a collapse in China, or the sudden break-up of the eurozone?

    You could make a case for all of them, and they are all worrying to different degrees.

    But in fact, it is something that gets only a fraction of the attention it deserves: Germany’s trade surplus. Hitting record highs with every month that passes, it now amounts to a massive 9pc of GDP. In effect, Germany has become an economic rogue state, hollowing out the industry of its neighbours"

    Germany’s trade surplus is a threat to global stability, and must be fixed



    Fecking Torygraph gone mad.

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    Quote Originally Posted by AtW View Post
    "What is the biggest threat to the stability of the global economy right now? Britain leaving the EU? Donald Trump’s taste for bone-headed protectionism? The Federal Reserve raising interest rates too quickly, a collapse in China, or the sudden break-up of the eurozone?

    You could make a case for all of them, and they are all worrying to different degrees.

    But in fact, it is something that gets only a fraction of the attention it deserves: Germany’s trade surplus. Hitting record highs with every month that passes, it now amounts to a massive 9pc of GDP. In effect, Germany has become an economic rogue state, hollowing out the industry of its neighbours"

    Germany’s trade surplus is a threat to global stability, and must be fixed



    Fecking Torygraph gone mad.
    It'll be "fixed" when the really big bailouts start to happen, with a re-distribution of German wealth to the likes of Greece and Italy. Panic over.
    His heart is in the right place - shame we can't say the same about his brain...

  3. #3

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    Buy British. Oh, wait...
    You're awesome! Get yourself a t-shirt.

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    Only because they have an artificially low currency and that EUR interest rates are set to be what is best for the German economy.

    The 4th Reich will be completed without military action. It will be a financial takeover.

    Heil Merkel!

    nothingtoseehere

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    Quote Originally Posted by BrilloPad View Post
    Only because they have an artificially low currency and that EUR interest rates are set to be what is best for the German economy.
    So why would not UK join EUR zone then, to take advantage of the same wonderful monetary policy things that Germany provides to all members of EU??

  6. #6

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    Quote Originally Posted by AtW View Post
    So why would not UK join EUR zone then, to take advantage of the same wonderful monetary policy things that Germany provides to all members of EU??
    Ah yes. Reduction in energy bills. Living in a container means a 100% reduction.

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    Quote Originally Posted by BrilloPad View Post
    Ah yes. Reduction in energy bills. Living in a container means a 100% reduction.
    Germany gives a tulip about cost of energy - their industry needs it, where as in this country the Govt kindly gives tiny winter fuel allowance so that old people don't die to cause Govt embarassment...

  8. #8

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    Quote Originally Posted by BrilloPad View Post
    Only because they have an artificially low currency and that EUR interest rates are set to be what is best for the German economy.

    The 4th Reich will be completed without military action. It will be a financial takeover.

    Heil Merkel!

    nothingtoseehere

    UK maintains an artificially low currency through QE - Check

    Dropped interest rates to the floor and maintain - Check

    And all without military action, driving Scotland into poverty.
    “We've always defined ourselves by the ability to overcome the impossible. And we count these moments. These moments when we dare to aim higher, to break barriers, to reach for the stars, to make the unknown known. We count these moments as our proudest achievements. But we lost all that. Or perhaps we've just forgotten that we are still pioneers. And we've barely begun. And that our greatest accomplishments cannot be behind us, because our destiny lies above us.”

  9. #9

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    Quote Originally Posted by scooterscot View Post
    driving Scotland into poverty.
    If you care that much why not return home and pay some taxes there?

    “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

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    Quote Originally Posted by AtW View Post
    So why would not UK join EUR zone then, to take advantage of the same wonderful monetary policy things that Germany provides to all members of EU??
    And that worked for all the members of the USSR?

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