George Friedman & Co would call bullshit on this, as would Klan UKIP. From an isolationist standpoint the whole Eurozone experiment has been a way for Germany to immortalize favorable post-war exchange rates whereby Germany, through massive Marshall Plan investment, outstripped France, England and the Mediterranean and the immutability of the Euro allowed them to keep those advantages permanently and let them compound. They would point to the particularly-brutal trade tariffs between the EU and Poland - historically, Germany's industrial rival - as evidence of this fact.

Whether you buy any of that or not, Germany came into a trade imbalance with a permanent advantage and any scarcity within Europe is going to hit Germany last.