Yet Again, Germany Has Recorded The World's Biggest Current Account Suplus

General Urko

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For the second year running, our German Buds have topped the league in terms of current budget surpluses and it is their all time high - $287 Billion (€233.9 Billion), which would subsidize about 20 Northern Irelands per year.
Their old wartime allies, Japan, came in a distant 2nd on a current account surplus of $203 Billion (€165.4 Billion).

https://uk.yahoo.com/finance/news/germany-trumps-asia-worlds-largest-current-account-surplus-092153607--business.html

Germany has been urged for years to lift domestic demand and imports in order to reduce global economic imbalances and fuel global growth, including within the euro zone. Is it listening?

It has obviously benefited massively from the yo yo, perhaps substantially more than any other Euro Nation.

So shall we all cheer - C'mon The Krauts, go, go, go!

Or should we see it as meaningless nonsense or perhaps the result of a con job, which has been perpetrated against us?
 


Dublin 4

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Germany Has 5 Trillion Euros of Hidden Debt, Handelsblatt Says
https://www.bloomberg.com/news/articles/2011-09-23/germany-has-5-trillion-euros-of-hidden-debt-handelsblatt-says



FRANKFURT (Reuters) - Deutsche Bank’s (DBKGn.DE) links to the world’s largest lenders make it a bigger potential risk to the wider financial system than any other global bank, the International Monetary Fund (IMF) said on Thursday.
https://www.reuters.com/article/us-deutsche-bank-imf/imf-says-deutsche-banks-global-links-make-it-biggest-potential-risk-idUSKCN0ZG1UX
 

gleeful

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Ireland's is larger in per capita terms and GDP terms.

Germany's surplus is around 10% of GDP. Ireland's is 18.5%
 

General Urko

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Ireland's is larger in per capita terms and GDP terms.

Germany's surplus is around 10% of GDP. Ireland's is 18.5%
Wow! But is Germany's more real?petunia
 

Roll_On

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If their surplus is so big they may spend some of it on infrastructure. For all their hot air about 'high speed' rail. It still takes a bloody age to cross the country.
 

General Urko

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If their surplus is so big they may spend some of it on infrastructure. For all their hot air about 'high speed' rail. It still takes a bloody age to cross the country.
German efficiency is sometimes a myth - Stuttgart Coach Station way over budget and Berlin-Brandenburg Airport is years behind schedule!
 

gleeful

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If their surplus is so big they may spend some of it on infrastructure. For all their hot air about 'high speed' rail. It still takes a bloody age to cross the country.
You can't really 'spend' a current account surplus. The government doesn't get this cash.
 

Toland

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If their surplus is so big they may spend some of it on infrastructure. For all their hot air about 'high speed' rail. It still takes a bloody age to cross the country.
And their rail prices are still ridiculously high. But, just anecdotally, there's a lot of work going on on Germany's road and rail infrastructure at every level. It's very difficult to crank up such activity without overheating the sector, and skewing the rest of the economy in the process. They may feel they've cranked it up as far as it can safely go. Very cautious, those Germans.
 

General Urko

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Can you unpack your implication a little?

Or explain what it is that you wnat to know (assuming your question is genuine)?
Irish export figures have to be taken with a huge grain of NACL as with most of other economic stats - this is the leprauchain economy, after all. Multinational tricking would play a huge part in that figure!
 

Toland

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German efficiency is sometimes a myth - Stuttgart Coach Station way over budget and Berlin-Brandenburg Airport is years behind schedule!
Don't remind me of the latter disaster. My kids' school (and my office) is directly under the flight path of the airport that the Berlin-Brandenburg Airport was supposed to replace in 2011.
 

silverharp

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they make more sh111t , go to Germany and look for Irish stuff and you will find Kerrygold, baileys irish cream and some Christmas trees. Whereas look around Ireland, you shop in their supermarkets, drive their cars and you be tripping over kit made by Liebherr , Siemens and others.
 

Toland

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Irish export figures have to be taken with a huge grain of NACL as with most of other economic stats - this is the leprauchain economy, after all. Multinational tricking would play a huge part in that figure!
I don't accept that assertion, assuming it means anything at all. Though I would feel more comfortable about the Irish economy if it were more clearly based on making stuff, granted.
 

Niall996

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For the second year running, our German Buds have topped the league in terms of current budget surpluses and it is their all time high - $287 Billion (€233.9 Billion), which would subsidize about 20 Northern Irelands per year.
Their old wartime allies, Japan, came in a distant 2nd on a current account surplus of $203 Billion (€165.4 Billion).

https://uk.yahoo.com/finance/news/germany-trumps-asia-worlds-largest-current-account-surplus-092153607--business.html

Germany has been urged for years to lift domestic demand and imports in order to reduce global economic imbalances and fuel global growth, including within the euro zone. Is it listening?

It has obviously benefited massively from the yo yo, perhaps substantially more than any other Euro Nation.

So shall we all cheer - C'mon The Krauts, go, go, go!

Or should we see it as meaningless nonsense or perhaps the result of a con job, which has been perpetrated against us?
It helps when you make good stuff that people want to buy. A novel concept.
 

gerhard dengler

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For the second year running, our German Buds have topped the league in terms of current budget surpluses and it is their all time high - $287 Billion (€233.9 Billion), which would subsidize about 20 Northern Irelands per year.
Their old wartime allies, Japan, came in a distant 2nd on a current account surplus of $203 Billion (€165.4 Billion).

https://uk.yahoo.com/finance/news/germany-trumps-asia-worlds-largest-current-account-surplus-092153607--business.html

Germany has been urged for years to lift domestic demand and imports in order to reduce global economic imbalances and fuel global growth, including within the euro zone. Is it listening?

It has obviously benefited massively from the yo yo, perhaps substantially more than any other Euro Nation.

So shall we all cheer - C'mon The Krauts, go, go, go!

Or should we see it as meaningless nonsense or perhaps the result of a con job, which has been perpetrated against us?
At a national and federal level, Germany has earned a current budget surplus.

At state (Bundesländer) level, budgets ain't too healthy. Apparently NRW finances are banjaxed.
 

Toland

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they make more sh111t , go to Germany and look for Irish stuff and you will find Kerrygold, baileys irish cream and some Christmas trees. Whereas look around Ireland, you shop in their supermarkets, drive their cars and you be tripping over kit made by Liebherr , Siemens and others.
Germany is a little larger than Ireland, so one would hope that they would make more stuff. And the Kerrygold brand is nothing at all to be sniffed at, by the way, nor the other brands you mention ... nor even the Christmas tree business you mention. The one we bought set us back €55,-. It was not huge: maybe 2 m tall.
 

JimmyFoley

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they make more sh111t , go to Germany and look for Irish stuff and you will find Kerrygold, baileys irish cream and some Christmas trees. Whereas look around Ireland, you shop in their supermarkets, drive their cars and you be tripping over kit made by Liebherr , Siemens and others.
So we get the goods they produce at a good price, while they get the ones they want from us at prices they are willing to pay.

Great.
 

Toland

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At a national and federal level, Germany has earned a current budget surplus.

At state (Bundesländer) level, budgets ain't too healthy. Apparently NRW finances are banjaxed.
The usual bollocks that results from cherry picking your figures. NRW may have a problem, but lots of other Bundesländer are motoring away fine. Berlin, for example, which has been famously broke for a long time, is now in excellent financial fettle.
 

General Urko

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Germany is a little larger than Ireland, so one would hope that they would make more stuff. And the Kerrygold brand is nothing at all to be sniffed, by the way, nor the other brands you mention ... nor even the Christmas tree business you mention. The one we bought set us back €55,-. It was not huge: maybe 2 m tall.
The first time I ever had Kerrygold Yoghurt was in The fatherland!
 


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