- Oct 28, 2007
- Reaction score
- Political Leaning
~ To see the tension, all you have to do is look at the current accounts of Germany and its biggest European counterparts – France, Spain and Italy.
The current account is the less well- known, but more comprehensive, measure of the economic health of a nation ~
Since the creation of the euro, Germany has run a pretty much consistent positive current account balance. Germany is better off to the tune of about €1.8 trillion (£1.5 trillion) since 2000. But if you add together the current account balances of France, Spain and Italy over the same time, they are collectively nearly €1.2 trillion in the red. ~ Link
Interesting article, I don't think a Brexit would cause problems of many future exits for the EU, it could be the making or breaking of the UK (we don't know which) but there definitely has been prior talk of how Germany has done really well because of an artificially weak Euro.
Germany providing the lion's share of historic Eurozone growth, you wonder whether if the case made in the article is true whether it would have been far better for Germany historically to follow a policy to reinvest some of those huge profits and growth into weaker economies to help grow them.