{"id":1823,"date":"2011-11-07T23:25:14","date_gmt":"2011-11-08T04:25:14","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1823"},"modified":"2011-11-07T23:25:14","modified_gmt":"2011-11-08T04:25:14","slug":"germany-must-do-it-not-china-credit-writedowns","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/","title":{"rendered":"Germany must do it, not China | Credit Writedowns"},"content":{"rendered":"

In the end this is Germany\u2019s crisis to resolve, not China\u2019s. Germany has benefited tremendously from the euro. Nearly all of its growth in the past decade can be explained by its rising trade surplus which, given monetary policy driven almost exclusively by the needs of slow-growing and consumption-repressed Germany, came at the expense of the rest of Europe.<\/p>\n

If the Germans want to save Europe, they must reverse their polices and start running large trade deficits even if that comes with slower growth. If not, the euro will break apart and peripheral Europe will almost certainly default on its obligations to Germany. Either way Germany loses.<\/p>\n

via Germany must do it, not China | Credit Writedowns<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the end this is Germany\u2019s crisis to resolve, not China\u2019s. Germany has benefited tremendously from the euro. Nearly all of its growth in the past decade can be explained by its rising trade surplus which, given monetary policy driven almost exclusively by the needs of slow-growing and consumption-repressed Germany, came at the expense of … <\/p>\n

Continue reading “Germany must do it, not China | Credit Writedowns”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[962,1295,1547,3450],"class_list":["post-1823","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-debt-crisis","tag-euro-zone","tag-germany","tag-trade-deficit"],"yoast_head":"\nGermany must do it, not China | Credit Writedowns - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany must do it, not China | Credit Writedowns - the patient investor\" \/>\n<meta property=\"og:description\" content=\"In the end this is Germany\u2019s crisis to resolve, not China\u2019s. Germany has benefited tremendously from the euro. Nearly all of its growth in the past decade can be explained by its rising trade surplus which, given monetary policy driven almost exclusively by the needs of slow-growing and consumption-repressed Germany, came at the expense of … Continue reading "Germany must do it, not China | Credit Writedowns"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2011-11-08T04:25:14+00:00\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Germany must do it, not China | Credit Writedowns\",\"datePublished\":\"2011-11-08T04:25:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/\"},\"wordCount\":126,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"debt crisis\",\"euro-zone\",\"Germany\",\"trade deficit\"],\"articleSection\":[\"UK & Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/\",\"name\":\"Germany must do it, not China | Credit Writedowns - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2011-11-08T04:25:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/germany-must-do-it-not-china-credit-writedowns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Germany must do it, not China | Credit Writedowns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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It needs to close the fiscal loopholes. Many have recognized that this was a necessary birth defect in EMU\u2013monetary union without fiscal union. A fiscal union\u2013where countries, especially those that struggle to adhere to the Stability and Growth rule,\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2564,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/06\/buiter-no-politically-feasible-route-to-sustained-growth-for-many-years-to-come-credit-writedowns\/","url_meta":{"origin":1823,"position":1},"title":"Buiter: no politically feasible route to sustained growth for many years to come | Credit Writedowns","author":"ColinTwiggs","date":"December 6, 2011","format":false,"excerpt":"Citigroup chief economist Willem Buiter: There really is no politically feasible route back to sustained economic growth through monetary and\/or demand stimulating policies for the EA, the UK, the US and Japan, for many years to come. 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More and more countries in the euro zone\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4718,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/26\/what-will-germany-do\/","url_meta":{"origin":1823,"position":3},"title":"What Will Germany Do?","author":"Colin Twiggs","date":"June 26, 2012","format":false,"excerpt":"Anatole Kaletsky: With every day that passes, and especially since the French election, it is becoming clearer that the problem country for the euro\u2014the odd man out in terms of economic structure and the chief obstacle to any political resolution of the euro crisis\u2014is not Greece, Spain or Italy. 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Rather than ECB bond buying\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1517,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/24\/france-appears-to-have-conceded-to-german-ecb-position-on-bailout-fund-credit-writedowns\/","url_meta":{"origin":1823,"position":5},"title":"France appears to have conceded to German-ECB position on bailout fund | Credit Writedowns","author":"ColinTwiggs","date":"October 24, 2011","format":false,"excerpt":"France appears to have backed down in the face of a German-ECB joint position that strenuously objected to the EFSF becoming a bank to borrow from the ECB. Instead, it appears that the insurance\/guarantee function of the EFSF is going to dominate. 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