This is good news right?

Why is the end of the article so negative?

BBC News - Eurozone trade surplus rises to record high in June

Because, as stated, global growth is slowing which will affect the ability to sustain higher trade surpluses.

But in the long run, once global growth returns, the eurozone will emerge more competitive and with each country having smaller budget deficits they can start to pay off their debts.

How long is "long run" ? No one knows when growth will return and all signs point to zero or even negative so trying to put positive spin on something when there are no signs for it is premature in my view.

Now only news is not enough to encourage the market. We have to see the data..and this is not so easy to achieve.

they try to balance it out so the news will affect a much broader audience.

Another straw in the wind? The Telegraph has looked at the books of RIT Capital Partners, the investment trust chaired by Lord Rothschild, and noticed that it is shorting the euro to the tune of £128 million—up sharply from its position earlier this year.

A deficit surplus dones't necessarily mean the road to recovery. It means, the Euro has lost its value, so they're able to export things at a cheaper price meaning more people will buy from Europeans. But that's not real growth because the value of their currency continues to fall. So there may be a trade surplus, but you are talking about a group of countries that rely on a fiat currency system to keep them afloat. What happens when interest rate rise, and the Euro gains strength? The trade deficits will rear their ugly heads in again, and government leeches will be wondering why there are so many lay offs going on. Europe, like the U.S. is heading for hyperinflation because their productive capacity has shrunk over the years.