You've worded my sentiment very well. The finishing touch was finding out that not even buying military units from the docks add to the REF. Sloppy programming, that's what it is.
I think you could add a third reason: your exports have little impact on European economy.
Somehow I doubt we'll see a patch soon, or ever: with civ Firaxis is usually quick to correct some of their many blunders. This game seems to be low on their priority list.
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