Re:Review of “Adults in the Room” by Yanis Varoufakis
by Tomte on Wednesday May 03, 2017 @03:22PM
(#14259157)
Trade surplus is neither evil nor a problem in itself.
Re:Review of “Adults in the Room” by Yanis Varoufakis
by crdoconnor on Wednesday May 03, 2017 @06:21PM
(#14260752)
Trade surplus without a safety valve (the ability to devalue a currency) is very much a problem since it leads to unsustainable debt buildups.
Germany should be running a trade deficit with the rest of Europe right now but it refuses to.
Re:Review of “Adults in the Room” by Yanis Varoufakis
by nickbauman on Wednesday May 03, 2017 @07:14PM
(#14261086)
Unless your currency policy is fixed by those you buy from. That's the fundamental problem here.
Re:Review of “Adults in the Room” by Yanis Varoufakis
by davrosthedalek on Wednesday May 03, 2017 @01:56PM
(#14258317)
It has TRADE surplus. You were talking about funds. There is a substantial amount of money flowing from Germany, France and others into less fortunate countries via EU governed programs.
Re:Review of “Adults in the Room” by Yanis Varoufakis
by nickbauman on Wednesday May 03, 2017 @07:16PM
(#14261096)
Not the same kind of money, though. This is money that is part of the problem. The money goes in and the debt goes up twice as much. Not the same as the California example above.
Re:Review of “Adults in the Room” by Yanis Varoufakis
by atmosx on Wednesday May 03, 2017 @02:00PM
(#14258352)
No I'm talking about TRADE surplus.
Re:Review of “Adults in the Room” by Yanis Varoufakis
by AnimalMuppet on Wednesday May 03, 2017 @04:09PM
(#14259553)
But EastLondonCoder and davrosthedalek were not talking about trade surplus. You are yelling at them for saying something that is true, because they're not talking about what you think they're talking about.
Are you trolling? What kind of mechanism does the EU have? How does Germany have such a high surplus if such a mechanism is in place?!