“For an idea of how much Germany is benefiting from a weaker euro, take a look at the trade data for the country that was published on Tuesday.
As exports outpaced imports in July, the trade surplus rose to a record 25 billion euros ($28 billion), topping the previous all-time high of 24.1 billion euros set in June. Moreover, aggregate figures for 2015 so far show where the growth in demand is coming from -- outside the euro area.
German sales to European Union countries outside the currency bloc in the seven months through July were 8.3 percent higher than in the same period in 2014. Shipments to non-EU nations increased 7.9 percent. Exports within the euro area gained just 4.8 percent. That doesn't come from nowhere.
The single currency has fallen more than 7 percent against the dollar this year, 6 percent against the pound, and 5 percent against the yuan, even with the Chinese currency’s surprise devaluation.
German exporters should send a thank-you letter to Mario Draghi,” said Carsten Brzeski, chief economist at ING Diba AG in Frankfurt. “Notwithstanding the excellent quality and product specialization of German exporters, the weak euro has clearly been a very special stimulus package.”
E porque não um raminho de flores para o Tsipras e o Varouzinho, que até ficou desempregado?