Germany Exported Too Much To The EU In The Three Quarter.

2011/12/28 9:06:00 6

German media reported that Germany was especially interested in the European Union.

Euro

The export of countries in the region has risen sharply and the export surplus has been too large, causing fierce controversy within the European Union. The importing countries regard it as a thorn in the flesh.

According to a survey conducted by the German Institute of economic research for the financial times, 20 of the 27 EU countries in 2010 had deficits in German Trade and expanded in 2011.

In the third quarter of 2011, German exports grew by 10.1% to 266 billion 200 million euros, of which the European Union

Exit

The increase is 9.9% to 155 billion 100 million euros.

2/3 of German exports, or 102 billion 900 million euros, flows to euro zone countries.

Most experts believe that trade imbalance is the main reason for the European debt crisis.

Trade

With the increase of the surplus, the creditor's rights to the importing countries will increase, and the competitiveness of the importing countries will be weakened, because the deficit will affect the reputation of the importing countries in the capital market and thus increase the risk of bankruptcy.

In November, a new monitoring mechanism was introduced inside the European Union.

The European Commission recommends that if the current account surplus exceeds GDP's three annual average value of 6%, the surplus countries must be strictly examined.

The European Union estimates that the value of Germany is close to 5% In 2010-2011 years.

In fact, too few exports and a sharp rise in wages have become a core economic problem in Greece, which has led to its deep sinking in debt.