Economics
Germany Stands by Savers as Negative Rates Threaten Cash Pile
- Finance minister looks into possible ban on deposit charges
- Steps to limits banks’ options could escalate spat with ECB
City workers exit the Taunusanlage S-Bahn underground railway station in Frankfurt.
Photographer: Peter Juelich/BloombergThis article is for subscribers only.
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Most Germans live by the credo that saving is a virtue, but the European Central Bank’s negative interest rates risk making a mockery of the national obsession, prompting politicians to seek ways to insulate thrifty citizens and keep the burden on the country’s beleaguered banks.