Figures for the first six months of 2022 show that the balance of trade of large European countries has dramatically worsened due to central bank, NATO and green new deal policies: Countries which were once export-champions are quickly turning into export-deficit nations.
In Germany, the largest EU economy, exports increased by 13%, while imports increased by 27%. The trade surplus sank from €69 to €36 billion year on year. On the import side, Germany bought 24% less energy from Russia but paid 51% more!
France, the second largest economy, had a trade deficit of €71 billion, a 39% increase from the second semester of 2021.
