I don't get this one. I heard it the other day on the news and I didn't understand it then either. So... Germany are running the risk of being fined for being too successful? Surely, if German goods are so valuable, their companies are so good and reliable, that people and companies in other countries want to buy their goods then why is that anyone else's business? It just stinks of rank hypocrisy from countries that have ruined their own manufacturing and exporting base through mis-management and underinvestment. Surely, that's what capital markets are supposed to be about, rewarding good performance?
It's not as if Germany were one of these near slave labour countries that can sell cheap because they have virtually no labour or social protection costs, the German labour market is in a far better position than the UK's and they look after their workers a good bit better than we do as well.
I do understand the argument that they're exploiting the Euro, them being a strong country benefiting from a Euro market priced to reflect the weaker performance of most Euro members, but surely everyone knew that in bad times the Germans would keep the Euro alive and in good times the poorer countries would benefit from German strength, they signed that bit of paper that put them in the Euro, their fault if they didn't think it through. It'd be a bit like the top RL clubs being fined because the poorer clubs couldn't compete with them.