As a result, the eurozone as a whole will produce a surplus close to $260 billion this year, which represents a new global imbalance that is more directly comparable to China’s in the past decade.
这一问题非常重要，因为德国的两个北欧欧元区邻国——荷兰和奥地利一直有经常项目盈余，而随着紧缩挤压了内需、为出口增长创造了空间，南欧危机国也扭转了此前的巨额赤字。结果，欧元区作为一个整体今年将有近2600亿美元的盈余，这将带来可以与过去十年的中国直接比较的新的全球失衡。