GERMANY'S TRADE SURPLUS AND THE INTRODUCTION OF THE EURO

I have been meaning to repost this from the Sudden debt blog by Hellasious.

It's a post that really makes you look at Eurozone crisis in a different light.
Despite all the PIIGS bashing going on, we often forget that German Exports did benefit greatly from the shift to the Euro!

Sudden Debt: One Picture Is Worth A Thousand Marks (or Merkels)...: Given what is going on in the eurozone at the moment, it is worth it to point out that the biggest beneficiary of the euro is Germany itse................

""""""A full 41% of Germany's surplus comes from France, Italy, Spain and (gasp!) Greece, where Germany is still exporting like gangbusters despite the poor country being in its fifth year of recession.  In fact, Germany's trade surplus per person with Greece is 3.6 times bigger than that with the U.S. (290 euro per Greek versus 81 euro per American)."""""""""