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(World Review)   Germany was the 'sick man of Europe' when the euro was introduced in 1999. Today Germany's exports are at a record high - and it is being blamed for imbalances in the global market. Not very fair, really   (worldreview.info) divider line 18
    More: Interesting, Germany, Europe, fairs, current accounts, supply-side, exports, euros  
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608 clicks; posted to Business » on 12 Dec 2013 at 9:01 AM (32 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2013-12-12 09:10:39 AM
Perhaps you would prefer a different export... a military export?

static3.wikia.nocookie.net
 
2013-12-12 09:17:40 AM
It is a crap argument from many prospectives. Germany as a nation gas made manufacturing a national concern and it is supported by a culture that doesn't look down on those who work in such fields. I was just in Nuremberg and was impressed that all of the advertisements on the wall, as you were leaving the airport, were manufacturing themed. All sorts advanced manufacturing companies and institutes were on display. It's very different than French or US airports.

Also, it makes sense if you don't think of them as Nations. In the US, Northern and Western economies crush those of the poorer South Eastern states. We don't have a problem with it because the states really aren't competing. We don't measure them as Nations nor do we let them finance as if they had sovereign banking systems.
 
2013-12-12 10:17:38 AM
"Sick man"? I don't remember that.

I do remember them having to deal with the large expense of reunification with East Germany. That experience helps discourage South Korea from ever wanting to repeat such a thing if the opportunity ever came up with their northern, relatively-much-much-MUCH-worse off neighbor. I think the unofficial-official policy of South Korea is to pretend the North doesn't exist for as long as possible and hope they miraculously fix themselves before an existential crisis occurs.

Anyway, back to Germany being a "sick man" of Europe. Nope. The monetary union put burdens on all member states to run their governments with a balanced budget (or within a small percentage).  This was more of a problem for the less powerful economies (Spain, Italy, Greece) than it was for Germany. Since all social services now were priced using the same currency, none of the weaker economies could inflate their currencies relative to Germany's. The anticipated cross-border moves of workers and businesses to the most competitive places (workers to the north or west, companies to the lower cost south or east) never really happened like it does with the United States. So the inefficiencies never worked themselves out organically.
 
2013-12-12 10:23:28 AM
i45.tinypic.com
 
2013-12-12 12:10:25 PM
Careful, people. Remember what happened last time the Germans felt they were unfairly blamed for something.
 
2013-12-12 12:26:29 PM
I always love seeing Germany rise to power.
 
2013-12-12 01:44:43 PM
May also have something to do with the fact that in most cases, they don't build / export crap goods.
 
2013-12-12 01:55:39 PM
Let Germany have their economic power.  We all know what happens if their currency tanks.
 
2013-12-12 03:11:41 PM

lilbjorn: Let Germany have their economic power.  We all know what happens if their currency tanks.


Don't you mean "panzers"?
 
2013-12-12 03:41:33 PM
I'm wondering what TFA is actually responding to.  A lot of the criticism I've seen of Germany's role in the EU has been that back when their own economy was stagnant (post-reunification), they asked that the rest of Europe put up with higher inflation so they can get their house in order, and Europe accommodated them; whereas now, while the rest of Europe is stagnating and needs looser (inflationary) monetary policy to get back on track, Germany is refusing to budge.  Higher Eurozone inflation, though, would probably be even better for German exports to the rest of the world, which says to me at least that it's not the exports that people have problems with.

That said I wonder if anyone can recommend any good data sources for specific country-to-country trade data (e.g. Germany's net trade with China)? Most data sources show a total net export for the whole country (e.g. total net export for Germany to all other countries) but very few break it down by trading partner.
 
2013-12-12 06:02:17 PM
Germany has promoted the 'inclusion' of the unwashed Europeans into the EU.

Germany then forbids the unwashed to enter the European labour market.

Germany then applies an EU tax to the exports of the unwashed who, prior to being 'included' into the EU, were more competitive than Germany in certain 'Eastern' European markets.

Germany now controls those 'Eastern' European markets.

ATTN:  Poland, Czech Republic, Slovakia, Bulgaria, Slovenia, and Croatia.  You are not European.  You will never be seen as European by the Europeans.
 
2013-12-12 06:11:58 PM
Germany should threaten to lay a giant towel on any weak economic European countries to reserve the right to invade them later on in the century.
 
2013-12-12 06:56:31 PM
German companies made a conscious decision about producing products of the same quality, and not getting out in the weeds competing with the chinese and indian manufacturers for lowest price... that decision is paying dividends now even though people certainly questioned it 15 years ago.
 
2013-12-12 08:08:20 PM
bier and brains and helga's bouncy bouncy boobs

ja ja ja ja
 
2013-12-12 08:36:17 PM
Oh, snap!
 
2013-12-12 11:37:43 PM
Well, that export thing is a problem, after all Germany is the only European country that can sell cars to Americans. Well, maybe the UK, but two of its best-known marques are owned by BMW.
 
2013-12-13 05:19:19 AM

to.stowaway: Germany has promoted the 'inclusion' of the unwashed Europeans into the EU.

Germany then forbids the unwashed to enter the European labour market.

Germany then applies an EU tax to the exports of the unwashed who, prior to being 'included' into the EU, were more competitive than Germany in certain 'Eastern' European markets.

Germany now controls those 'Eastern' European markets.

ATTN:  Poland, Czech Republic, Slovakia, Bulgaria, Slovenia, and Croatia.  You are not European.  You will never be seen as European by the Europeans.


How does Germany forbid the unwashed to enter the European labour market?

A citizen of any EU state can freely reside in/work in any EU state.  Or am I misunderstanding?
 
2013-12-13 07:10:24 AM

Fark_Guy_Rob: to.stowaway: Germany has promoted the 'inclusion' of the unwashed Europeans into the EU.

Germany then forbids the unwashed to enter the European labour market.

Germany then applies an EU tax to the exports of the unwashed who, prior to being 'included' into the EU, were more competitive than Germany in certain 'Eastern' European markets.

Germany now controls those 'Eastern' European markets.

ATTN:  Poland, Czech Republic, Slovakia, Bulgaria, Slovenia, and Croatia.  You are not European.  You will never be seen as European by the Europeans.

How does Germany forbid the unwashed to enter the European labour market?

A citizen of any EU state can freely reside in/work in any EU state.  Or am I misunderstanding?


1. Leaves the googling to you.
2. No. They cannot.
3. The sun comes up another day begins and I don't even worry about the state I'm in...
 
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