{"id":4184,"date":"2011-09-13T07:12:10","date_gmt":"2011-09-13T13:12:10","guid":{"rendered":"http:\/\/www.zmetro.com\/?p=4184"},"modified":"2011-09-13T07:12:11","modified_gmt":"2011-09-13T13:12:11","slug":"germanys-choice","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=4184","title":{"rendered":"Germany&#8217;s Choice"},"content":{"rendered":"<p><a href=\"http:\/\/suddendebt.blogspot.com\/2011\/09\/germanys-choice.html\">Suddent Debt:<\/a><\/p>\n<blockquote><p><i>Germany is the world&#8217;s #2 exporter, very close behind China.  In 2010 it exported a total of 960 billion euro, amounting to 42% of its GDP.  Its trade surplus came to 153 billion euro, almost 7% of GDP.  Impressive stuff, no doubt, and an achievement that Germans are justly proud of.<\/p>\n<p>But, not all surpluses are created equal&#8230; 35 billion of that surplus, a whopping 23%, was accounted by just four countries: Italy, Spain, Greece and Portugal.  Yes, to a very large extent the PIGSs&#8217; munching at the trough was what kept Germans working in their factories.  And if you just add France, another country that is currently screeching towards the borderline of fiscal probity &#8211; at least according to financial markets &#8211; the numbers get even more interesting.  Germany&#8217;s PIGS+F trade surplus jumps to 64 billion, a full 42% of Germany&#8217;s entire trade surplus. In GDP terms (trade surplus is GDP-additive), PIGS+F surplus accounts for nearly 3% of Germany&#8217;s economy.<br \/>\n<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Suddent Debt: Germany is the world&#8217;s #2 exporter, very close behind China. In 2010 it exported a total of 960 billion euro, amounting to 42% of its GDP. Its trade surplus came to 153 billion euro, almost 7% of GDP. Impressive stuff, no doubt, and an achievement that Germans are justly proud of. But, not [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,39,33,35,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4184"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4184"}],"version-history":[{"count":1,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4184\/revisions"}],"predecessor-version":[{"id":4185,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/4184\/revisions\/4185"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}