Germany caused the Greek debt debacle. Germany is taking their harsh political stance against Greece as if they did nothing wrong

Daniel Weston

Aimed Capital

Germany caused the Greek debt debacle. Germany is taking their harsh political stance against Greece as if they did nothing wrong. I do not think that is entirely true. Let me discuss. As seen in the chart below, since 1971 has run a huge balance of payments current account surplus, which now stands around 7% of GDP. By doing this, Germany by definition is acquiring foreign assets, taking savings and investing somewhere else in the world. When things go wrong somewhere else in the world, Germany gets upset that they can't repay their debts. To avoid all this, Germany should simply be willing to spend more domestically. Read more... (VIEW LINK)


Daniel Weston
Chief Investment Officer
Aimed Capital

Running the Aimed Global Alpha - Macro Hedge Fund. Aussie. Trader. Investor. Coder. Cricketer. Skier. Surfer. Flyer. www.aimedcapital.com

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