July 1 (Bloomberg) -- German exporters are facing worsening relations with potential buyers in target markets and are being asked to justify their government’s austerity and reform policy, WirtschaftsWoche reported, citing Anton Boerner, the president of Germany’s BGA exporters group.
The euro zone needs to clarify after summer recess whether countries in crisis are willing to carry out necessary reforms, as otherwise the market would force a decision before the end of the year, Boerner was cited as saying. If countries want to keep the euro but aren’t capable of enacting reforms, budget sovereignty needs to be transferred to European level, he said according to the report.
To contact the reporter on this story: Cornelius Rahn in Frankfurt at firstname.lastname@example.org
To contact the editor responsible for this story: Kenneth Wong at email@example.com