German trade surplus breaks new record

[MarkusS]

Hurrah! We are getting richer! Now come join us European Volk. Time to get rich together.

German trade surplus hits record level - The Local


German GDP - real growth rate:
0.9% (2012 est.)
3.4% (2011 est.)
3.9% (2010 est.)

French GDP - real growth rate:
0% (2012 est.)
2% (2011 est.)
1.7% (2010 est.)

British GDP - real growth rate:
0.2% (2012 est.)
1.1% (2011 est.)
1.7% (2010 est.)


Clearly Germany is winning long term. We've got to be doing something right.
German GDP - per capita (PPP):
$38,700 (2012 est.)
$38,400 (2011 est.)
$37,100 (2010 est.)
note: data are in 2012 US dollars


French GDP - per capita (PPP):
$35,300 (2012 est.)
$35,500 (2011 est.)
$34,900 (2010 est.)
note: data are in 2012 US dollars


British GDP - per capita (PPP):
$36,600 (2012 est.)
$36,800 (2011 est.)
$36,700 (2010 est.)
note: data are in 2012 US dollars


No money, no honey!

 

[UKBengali]

Dude, The UK economy is growing very fast right now - around 3% a year on an annual basis. The problem is that the growth has no real basis as it based on unsustainable consumer credit and housing boom.

Germany is doing well but some of it's largest corporations like Volkswagen rely on China for 25% of their revenue. Without Europeans to sell their goods to, Germany risks becoming beholden to Chinese goodwill for it's future prosperity.

 

[MarkusS]

China is an emerging market for us and i see no problem in that. As far as i know both sides profit from each other.

Beside that we work hard to bring our brothers back in business. Being half italian makes me proud, that italian economy slowly recovers from recession. Ireland and portugal are getting better too. Even greece shows betetr numbers now.

The biggest risk i see is France. Their government is a mess and their president an idiot...

 

[FaujHistorian]

German industry model is awesome!

I wish Pakistan can copy even 1/10th of it

 

[Chinese-Dragon]

Germany has an amazing economic model, probably the best economic model in the entire Western world.

Unfortunately, the rest of Europe isn't doing so well, which means Germany is pretty much holding up the entire EU by themselves in Economic terms.

 

[terranMarine]

Germany has an amazing economic model, probably the best economic model in the entire Western world.

Unfortunately, the rest of Europe isn't doing so well, which means Germany is pretty much holding up the entire EU by themselves in Economic terms.

That is also why German people probably hate the EU, Germany alone doesn't need to have the EU currency. Having to bail out other EU members pisses them off.

 

[Declein]

That is also why German people probably hate the EU, Germany alone doesn't need to have the EU currency. Having to bail out other EU members pisses them off.

You know, having a EU currency also helps them a lot

 

[MarkusS]

That is also why German people probably hate the EU, Germany alone doesn't need to have the EU currency. Having to bail out other EU members pisses them off.

Thats short sightened. Germany profits massive from the EU and the €. Beside that, we paid not one cent yet in "bailing out". All we did were guarantees. We even earn money with the interest rate.

 

[Declein]

Thats short sightened. Germany profits massive from the EU and the €. Beside that, we paid not one cent yet in "bailing out". All we did were guarantees. We even earn money with the interest rate.

All in all, event if it gets to bailing some countries out, it's very profitable in the long run. Having prosperous EU members within open borders (who can buy the stuff you make/provide secure investment/labor force/resources) is the most important thing for the future of Europe. Not even to mention the political ramifications of having a union of highly developed countries working (somewhat) together.

Unfortunately, the political aspect is kinda screwing us at the moment..