Over My Shoulder

Eurozone trade balance impact

May 29, 2012

I have been saying for almost two years that one of the three major problems in Europe in the rather large trade imbalance between Northern and Southern Europe. ECR gives us a brief look at the actual imbalances and how they impact various countries. In a counterintuitive way, Germany can actually have a problem if it exports too much to countries whose central bank balances are in question. A very interesting read.

Download - Euro_Outlook_-.pdf