Germany is in danger! The first trade deficit in 30 years, the European debt crisis may break out

time:2022-12-09 05:21:57source:chakarski.com author:Individual stock recommendation
Germany is in danger! The first trade deficit in 30 years, the European debt crisis may break out

Recently, data released by the German Federal Statistical Office showed that Germany's trade deficit in May reached 1 billion euros, the country's first trade deficit since 1991. The most traditional industrial exporter, Germany, has a trade deficit, which is somewhat surprising. The reason behind this is mainly the increase in energy imports, after all, oil prices and natural gas have gone crazy. The deeper reason is that the German auto industry has been greatly impacted by new energy. Don't brag about the performance energy of traditional manufacturers, all I see is arrogance and backwardness, a sick elephant that can't turn around! Now, the euro has hit a 20-year low, and it is now 1:1 against the dollar. Whether or not Europe will raise interest rates and by how much has become a suspense. At present, the gap between German and Italian bond yields is already huge, and Italy is about to endure. The original European pig five countries are still European pig five countries, and even the debt situation has worsened. And once Europe raises interest rates, it will continue to push up European bond yields. I estimate that Italian bond yields can break 5%. At that time, I am afraid that a group of European countries will not be able to hold on, and the European debt crisis will break out further. Europe adopts a unified monetary policy, but the development of various countries is extremely uneven, there is no unified fiscal policy, and the tolerance to inflation is different. This problem has not been fundamentally resolved. In this way, the euro exists for one day, and every 10 years, the European debt crisis will break out.
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