"the value of its exports of goods and services exceeds that of its imports by something like 150 billion euros, about 5 percent of Germany’s G.D.P. "
"While today — on average — national parliaments control 50 percent of the European Union’s G.D.P. via the public sector, the budget of the union itself amounts to just 1 percent of G.D.P. To work, the European Parliament needs to command about a tenth of the national budgets, or about 5 percent of G.D.P."
5% ? look at the fedral hunk in the norte amigo giant white oaf nation
a tenth at least sound biblical but its a tenth of a hafl
when it should be at least for macro control optimization
a tenth of the whole
ie this guesstimate is half sized
deliberate ?
"soit-tinly " as curlie H might reply
the trans fer system's top layer
its broadest layer
needs to be able to generate enough deficit to handle big spending fluxations
5% deficit may be too small
---- for instance the the fast recovery deficit here in 09
would have been more like 15 perecent of gdp --
if the total tax revenue at union full employment is only 5% of union gdp
a flux like we had here in 08
would necessitate not only total top level tax holidays
but large add on pay outs too
---on a lesser note---
the same banker jack ass that wrote the above data shit
advises germany
to husband its giant trade suplus lest it go the way of japan
well it will go the way of japan
precisely if germany continues to harbor the trade surplus fetish
that now enchains japan
right this very moment
germany needs to send its trade balance into the red ..the heavy red
as fast as possible
by jacking up its fiscal thrust to the max
declare a vat tax holiday and what ever else tax holidays
that will add up to a big spending wave
let product prices on non tradeables .........soar
let imports into non competitive markets
ie already import dominated markets........ soar
pull the E- union up
like the great horse of the pan european market economy
germany can be
fears of a lost trade surplus are pure scroogery
and the german majority is not scrooge
its made up of 50 million of tiny tim's moms and pops
