In most German newspapers and broadcasting you find today, when the destruction of Europe has reached a new high, the message: “Eurozone refuses extension of aid programme to Greece” (see e.g. here and here). Of course, the title “aid programme” (Hilfsprogramm) is already in so far ridiculous or cynical because the policy of this “aid programmes” have not brought about any good but an economic and social catastrophy. But there is, particularly in view of Germany, another dimension which clearly shows how people are fooled by politicians and journalists.
Even according to the most recent data on foreign trade of the German Federal Statistical Office (Destatis) Germany exports (sells) more to Greece then imports (buys) from there.
Click to enlarge chart.
Click to enlarge chart.
How can it be! How can it be that the so called “engine of growth” (Konjunkturlokomotive), Germany, sells more to Greece then the other way around? How can it be that a population of roughly 80 million people consumes less products produced by a population of roughly 10 million people than the other way around? How can it be that a country like Greece helps Germany realizing an export surplus or, in other words, increases its debt to do so? The answer at least partly has the same background as Germany´s trade surplus with France (see here) or with Portugal (see here).
This again shows how missguided the whole debate against Greece is, particularly from the German side. The Euro crisis is not only a crisis of politics and failed economic concepts, it is a crisis of journalism, too.
Dieser Text ist mir etwas wert
|
|
