Europe in trouble? Part II

With the unveiling of the new economic numbers the European Union has decided to take a tougher stance on Chinese textile imports. They began an investigation on nine separate imports, and are asking China too curb their exports of textiles to Europe. One of those textiles, pullovers, had imports rise 534% in this first quarter. However, even with these investigations which are supposed to lead to tariffs or other protective measures, Europe is very scared to go into a trade war with China.

Personally, I am happy that the European textile industry is being starved by China. It is only through loosing one of their historic staple industries that they will learn a lesson about the danger of communist China. This is a lesson that I hope the Europeans pay attention too, for unless they act and not just talk about punishing China then they will loose other more valuable industries. By the way how is the German economy doing?