With ECB's OMT & "conditionality", that requires austerity and implicitly reduction of salaries in European periphery, Merkel & German economists have created consequences similar to a gold-standard.
Read More »
Tag Archive: Germany Exports
The term export means shipping in the goods and services out of the jurisdiction of a country. The seller of such goods and services is referred to as an “exporter” and is based in the country of export whereas the overseas based buyer is referred to as an “importer”. In international trade, “exports” refers to selling goods and services produced in the home country to other markets.