Why Germany needs a functioning euro-periphery: Its trade surplus with the rest of the eurozone...
Why Germany needs a functioning euro-periphery: Its trade surplus with the rest of the eurozone fell to €62.2B in the 12 months ended in March - the lowest of any 12-month period since 2002. Much of Germany's solid growth has come from Club Med states borrowing to buy Bimmers. With credit cut off and PIIGS economies contracting, the German surplus is disappearing.
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