It’s Time to Kick Germany Out of the Eurozone
BY FEBRUARY 20, 2015
Why the anchor dragging down the European economy isn’t Athens -- it’s Berlin.
BY FEBRUARY 20, 2015
Last year, Germany racked up a record trade surplus of 217 billion euros ($246 billion), second only to China in global export dominance. To some, this made Germany a bright spot in an otherwise anemic eurozone economy — a “growth driver,” as the German finance minister, Wolfgang Schäuble, puts it. In fact, Germany’s chronic trade surpluses lie at the heart of Europe’s problems; far from boosting the global economy, they are dragging it down. The best way to end this perverse situation is for Germany to leave the eurozone.
