The Non-Anglo Germanic Surplus Bloc
Furthermore most of these countries have a surplus which is larger relative to GDP than Germany's. Norway's and Switzerland's surpluses are proportionately nearly twice as high as Germany's. Oh and both these countries partly achieve these surpluses through government intervention. Switzerland by its active policy to prevent the euro from falling below 1.20 francs and Norway by its massive oil fund that invests oil revenues in foreign financial assets. Yet "strangely" (there is an explanation) everyone only blame Germany while ignoring Norway and Switzerland.
Here is a table showing the balances first in absolute terms and then relative to GDP (or GNP in Luxembourg's case).
Germany €167 billion
Netherlands €62 billion
Switzerland €59 billion (CHF 72 billion)
Norway €42 billion (NOK 350 billion)
Sweden €27 billion (SEK 240 billion)
Denmark €16 billion (DKK 120 billion)
Austria € 8 billion
Luxembourg € 3 billion
Belgium - €12 billion
Total €362 billion
Total 7% (7.5% excluding Belgium)