German Chancellor Angela Merkel's export machine is generating far more in revenue than her anti- bailout voters are committing to euro-crisis fighting as the weakening currency adds to the country's competitive edge.German exporters are enjoying a 100 billion-euro ($122 billion) annual advantage amid the turmoil, said Nathan Sheets, chief international economist at Citigroup Inc. (C) (C) in New York.stone crusher machine That's more than 10 times the 8.7 billion euros the country is contributing this year to the rescue fund being set up.
The figures underscore the benefits to Europe's biggest economy of Merkel's austerity-first strategy, which channels her voters' doubts about propping up debt-laden countries. Her approach has drawn criticism from policy makers around the world and pleas for easing from southern Europe, where bond spreads have climbed to euro-era records amid concern about whether the 17-nation currency region can hold together.
The yield on German two-year debt turned negative for the first time last month, meaning investors paid the sovereign to store their cash Mobile crusher. The cost of owning two-year bunds reached a record low 0.061 percent today. Investors are also paying to park their money Austrian two-year notes, and bills issued by Belgium and the European Financial Stability Facility bailout fund, as yields for all three turned negative today.
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