So long as the eurozone as a whole was relatively balanced, Germany’s surpluses were considered irrelevant – just as, say, Texas’s surpluses have never been considered an issue in the United States. Chinese surpluses, by contrast, were seen as a cause of global imbalances.
人们指出，区别就在于货币联盟。只要欧元区作为一个整体相对平衡，德国的盈余就被视为无关紧要——正如（比如）得克萨斯州的盈余从来不会被认为是美国的问题。相反，中国的盈余被视为全球失衡的源头之一。