According to Spiegel, the "Bundesverband der Deutschen Industrie"said (my translation):
The export strength of Germany is the result of innovative products, which are favored and bought in the whole world.Well, DUH! The head of the of largest trade organisation Anton Börner (BGA) made a similar but even less relevant statement by proclaiming:
We have a surplus because we are so good.
We are a strong export nation and proud of it.So, as has happened before, the criticism wasn't even understood. Only SPD politician Hubertus Heil actually got that higher domestic demand can be achieved through higher wages.
It should also be made clear that the "solution" offered by German politicians, ISN'T. CDU politician Kampeter described it thusly:
True is, that we are urging on an European and global level that those countries, that lament about imbalances, do their part though higher competitiveness, so that the eurozone as a whole becomes more competitive and that the global economic development goes better.Real wages are not only been anemic in Germany, they have been stagnating in the US for more than 40 years now, while productivity has increased significantly. We cannot all become exporters through lowering the real wages as has happened in Germany around 2003. Beggar thy neughbour only functions for a few countries and if everybody attemps it then the world will not be better off but much, much worse. As can be seen in the "success" this "solution" is having in the periphery.
German workers are worse off than they should be. Any argument about German imbalances should be about that and that only. Talking about increasing demand only results in the above complete nonsense answers: Exporting GOOOD!