In the terminology of the ECB, the exchange of goods with partners outside the euro area. – Cf. the broken-down values in the annex “Euro area statistics,” heading “External sector” in the respective ECB Monthly Bulletin, ECB Monthly Bulletin of April 2005, pp. 49 ff (trends).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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