Eastern Committee of German Economy is unhappy, fears still harsher lossses in 2015
This article originally appeared at German Economic News. Translated via Google Translate
The Chairman of the Committee on Eastern European Economic Relations Eckhard Cordes, believes that German exports to Russia fell by 18 percent in 2014.
These were the equivalent of more than six billion euros, Cordes said the "Rheinische Post" (Friday edition), according to a preliminary report.
"The decline in exports was last month accelerated, so we have to fear an even worse development in 2015, it should not soon find a political solution to the crisis" stressed Cordes. He complained that there were mainly Europeans, "who pay the price for the economic, the political crisis".
According to this, the trade to Russia with Asian and Latin American partners. Even US exports have increased by one percent in the past year.
Cordes also provides jobs in Germany threatened: "If it is assumed that around 300,000 jobs alone of export transactions with Russian partners depend in Germany, so could result in permanent 20-percent decline in the worst case, the loss of 60,000 jobs."