german savers

german savers 1

The Germans, Conviction Savers

One of the candidates to replace Merkel proposed fiscally incentivising investment in stocks, as a complement to the public pension. The idea got little support in a country with a savings rate of 10% but an enormous aversion to risk, where variable income seems reserved for the highest income.

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Spain is no longer Europe’s sick man; it’s Italy’s turn

MADRID | By Francisco López | Investment banks and international funds are betting on buying Spanish Treasury’s stocks. In fact, Spain’s 10 years bond yielded under 3.40% on Wednesday, an unprecedented level since 2006. Interests of Italian debt stands even under that of Spanish, but Brussels’ study on the euro zone imbalances pointed Italy as the new sick man of Europe, basically due to its high public debt and the lack of reforms.