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Simone Breimhorst Exportsicherheit Deutschlands Rückkehr auf den Weltmarkt und die „Causa Brasilien“ 2021 Reading Sample

Summary
The "Brazil shock" at the beginning of the 1950s posed a massive threat to the West German export industry, as the Hermes export credit insurance scheme, which had only recently been reestablished, proved to have gaps, as it did not adequately cover the transfer and conversion risk. The "Brazil case" thus created a situation of acute need for action, in the course of which intensive and complex negotiation processes took place between numerous state and private-sector actors. The compromise finally reached after two years in the form of coverage for the transfer and conversion risk provided the greater security demanded and desired by the export industry.