Hermes

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Hermes

The trade finance agency for Germany.

Hermes

An export credit guarantee issued by the German state. Hermes covers guarantee payment on certain exports in case the importer defaults. They are used to cover between 2% and 3% of German exports. This allows the exporters to charge lower prices for their products because of the reduced risk. As with all export credit, Hermes is controversial; critics allege that it negatively impacts international development, as developing countries cannot compete with such insured exports. Proponents argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
Ademas de que es una joven soltera que expresa su amor con libertad y como ha hecho el amor con su amante, aspectos que no eran bien vistos en la sociedad de Cyllenius. Esto marco las criticas posteriores junto con la idea de que Cornutus es Cerintus, nombres metricamente identicos.