German savers face a tough question that’s about to get tougher: Where to park their 1.95 trillion euros ($2.3 trillion) in cash and deposits as the European Central Bank whets its tools for more stimulus?
Pensioner Alois Weber has decided to leave his on the shelf. “It’s better to be safe than sorry,” said the 69-year-old resident of the southern German town of Schwaebisch Gmuend. “We have our money in savings certificates. I don’t know what interest they pay exactly, but it’s almost nothing.”
