[Wirtschaft] Außenhandelsbilanzen der EU in Zahlen - Entwicklung seit 2002
In addition to de-industrialization and recession a loss of competitiveness is also spoken of. The trade-balances for the competitiveness of the most important countries of the euro zone are to be compared.
[1] [2] [3] [4] [5] [6]On the one hand it is recognizable that the foreign trade balances of the selected countries have become more and more apart since 2000. Although there were rashes in 2008 (banking crisis) and from 2020 (Corona & Russia-Ukraine War) there is no adaptation. Germany in particular protrudes with a massive excess of foreign trade. An explanation of why Germany protrudes in this way is wage restraint in Germany as a result of the Agenda 2010. Germany had a real advantage in the euro zone which other euro member states could not evade by devaluing the currency. Exchange rates between the countries were abolished with the euro currency union.
[1] [2] [3] [4] [5] [6]Summering the trade balances shows that Germany has built up massive demands compared to abroad. At the same time the other countries, apart from Italy, have built massive liabilities compared to abroad. Foreign trade deficits are bad for the countries concerned because the imports crowd out the local economy. Foreign trade surpluses are bad for the countries concerned because the claims inevitably depreciate due to inflation.
[Economics] A New Agenda 2010 - What the Old One Has Caused[Economics] A New Agenda 2010 - What a New One could Cause 2025-02-08
Src:
[1] Germany Balance of Trade - Euro Billion
https://tradingeconomics.com/germany/balance-of-trade
[2] France Balance of Trade - Euro Billion
https://tradingeconomics.com/france/balance-of-trade
[3] Italy Balance of Trade - Euro Billion
https://tradingeconomics.com/italy/balance-of-trade
[4] Spain Balance of Trade - Euro Billion
https://tradingeconomics.com/spain/balance-of-trade
[5] Greece Balance of Trade - Euro Billion
https://tradingeconomics.com/greece/balance-of-trade
[6] Portugal Balance of Trade - Euro Billion
https://tradingeconomics.com/portugal/balance-of-trade
Kommentare
Kommentar veröffentlichen