After 2010, this term was also used in financial jargon to describe expected events whose exact direct and indirect impact on the economic cycle and especially on the financial market can hardly be estimated. The term is used primarily in a negative sense, and in particular with reference to the possible sovereign default of EMU members. – See Grexit, Greek crisis.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/