Mon, May 28, 2012, 1:24 PM EDT - U.S. Markets closed for Memorial Day

German exports broke €1 trillion mark in 2011

German exports top €1 trillion for 1st time in 2011; December figures indicate tougher times

 

3 comments

  • The DA  •  Milan, Italy  •  3 months ago
    Germany has increased its exports notwithstanding the strong Euro. Well over 50% of their exports are to non-Euro countries (note that not all countries in the EU use the Euro). This must be due, without a doubt, to the quality of their exports since they are not cheap at the consumer level by any means. We in the US want a weak dollar so that we may increase our exports and improve our trade deficit (we import more than we export), but even with an undervalued dollar we don't make much of a dent there. Why don't we do what Germany is doing? Analyze their success even with a high valued Euro and follow suit? Keep a strong dollar and increase exports.. A weak dollar, in fact, is obviouly not always the right answer. A weak dollar also works in the wromg direction as it generally causes inflation increases.
  • Icare  •  3 months ago
    Wow I thought that USA was number one in the world in exports.
  • A  •  3 months ago
    There is no reason that the hard working people of Germany should be forced to bail out the Banking Cartel for it's bad loans to Greece. Merkel will not be re-elected if she forces this upon the German people and the bailouts will end...
 
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