Germany Still Exporting Too Much Stuff

The German export surplus is still threatening the rest of Europe, the European Commission says.

Exports

Berlin disagrees, of course, pointing out that it imports tons of stuff, too.

Germany imports 24 percent of Russia’s natural gas exports, for instance, more than any other European country. It also has an 8.7 percent share of Russia’s foreign trade. Germany is also Russia’s biggest oil market, taking almost 700,000 barrels a day back in 2012. No dependency here. So quit the moaning already, Brussels, and let us get back to work.

“Der Handlungsbedarf ist erheblich angesichts der Größe der deutschen Wirtschaft.”

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