Shipping Containers Stand at the Port of Bremerhaven

Shipping Containers Stand at the Port of Bremerhaven

Kristian Helgesen/Bloomberg

UniCredit Bank's Andreas Rees argued the trade surplus between Germany and others in the euro region has declined from 5.5 percent of GDP in 2007 to less than 2 percent in the second quarter. Moreover, exports to the euro region were lower than six years ago in the second quarter and imports were more than 10 percent higher than at the end of 2007, relieving Germany of blame for the gap.