The EU has a trade deficit with China. All EU countries separately have trade deficits with China.
Germany gets the lions share of export trade with China…..43% of all EU exports to China leave from Germany!
Next is France with 11% Then U.K. and Italia with 8% respectively.
Germany is also the largest importer of Chinese goods.
So! Somebody’s got the jobs and someones got the Euros to buy and sell!
Poor Greece, poor Slovakia! What were their stakes in the EU?
A psychological reward for finally being able to stand shoulder to shoulder with their economic juggernaut neighbors! Maybe that’s all…
A promise to improve some of their failing infrastructure…another rail line, better sewers…
I mean what happened to the Euro dream? Everybody should have been able to get rich off of all the untapped consumers in Slovakia, all the room for expansion in places like Spain, all the big spenders in Greece…
But there are no jobs. There never were any jobs in those countries. Germany, France, UK, and others had all the jobs to go around for the EU.
The rest…like Ireland, Greece, Spain, Slovakia took out big loans to give money to the people so they could buy stuff. Houses, washing machines, and loads of brightly colored Chinese crap. That was your bubble! Then the loans ran out, and the people still don’t have jobs! Now the money’s come due.
Places like Germany are whining ‘cause they can’t understand why that artificial stimulus didn’t jump start places like Greece and Ireland, and Slovakia!
Germany is holding the bill, just like Greece! Germany gets 43% of the exports to China out of all the EU nations!!