Draghi: So far markets have shown that the announcement by the FOMC has not affected the euro area markets. Their resilience is greater than a year ago. SPIEGEL: That does not help the savers much. Currently, you get about 0.8% interest per year on a savings account in Germany, while the inflation rate is 1.3%.
Do you think that is a normal and healthy development? Draghi: Normal and healthy it is not. The real interest rate should be positive under normal conditions. Today in some countries it is negative, in others it is positive and even too high. We are very aware of the risks such fragmentation entails. SPIEGEL: Which risks do you mean?