17-02-15

"We're virtually giving away our products for free"

Dr. Matthias Kullas, cep division head for stability policy, talks to Focus Online about Germany's export strength

Germany was only able to export so many goods because it was generously handing out loans, Matthias Kullas told Germany’s Focus Online. “You could compare it to a company which gives its customers money so that they can purchase the goods produced by the company,” Kullas explained. Exactly the same thing was happening on a macroeconomic level. “We’re virtually giving away our products for free.”