Chart of the day: Germany biggest winner from euro fixed exchange rates

"A hedge fund friend of mine who is interested in the euro crisis pointed out a nice chart to me. It shows Germany’s trade balance from 1990 to present.

Source: Sudden Debt
As you can see from the chart, Germany had a relatively small trade surplus in the early 1990s. But after the euro was formed, the surplus vaulted higher. The clear implication is that Germany’s export sector benefitted hugely from the introduction of the euro..."

at http://www.creditwritedowns.com/2012/07/germany-biggest-winner-euro-fixed-exchange-rates.html