Andreas Dombret: New year, old problems – Europe’s sovereign debt crisis Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, to the International Bankers’ Club, Luxembourg, 6 February 2012. * 1  *  *  Introduction  Ladies and Gentlemen Thank you very much for your invitation.
In absolute terms, households' savings neared € billion in the three months ending in June, still 13 per cent higher than before the outbreak of the pandemic (after almost doubling in the months immediately thereafter), despite taking into account the price hikes recorded by the consumption deflator.