This works, of course on the econmics (assuming you are willing to ignore the huge human suffering, which European leaders are willing to do.) For example, if you make it such that the populace has no income with which to buy imported goods, they will not buy imported goods (Insights like this are what made this Forum the expert it is today). That is what has happened in
The country’s trade balance in March swung to a surplus of 634.9 million euros ($818 million) from a deficit of 1.18 billion euros in February and 3.2 billion euros a year earlier, data released today by the Trade Ministry show. That is the first surplus since records began in 1971, Deputy Trade Minister Jaime Garcia-Legaz said at a press conference in
The Spanish government of course hails this as some type of success story.
“Products made in
are replacing imports,” said Garcia-Legaz, who forecast the surplus will
continue to grow. “That means products made in Spain Spain
are better and we are creating jobs inside Spain
instead of outside .” Spain
And that creating jobs thing? Well if you don’t look at
unemployment rate and growth in the number of people out of work, well maybe
you can convince yourself that is true.
But in the real world . . . .