So projections such as the one prepared by the European Commission which suggests that Germany’s economy will expand at a rate of 1.5% in 2015 are probably pretty close to the mark. Economic activity will naturally also be buoyed by the highly accommodative monetary policy – we are, after all, in a persistent spell of low interest rates.
There’s no denying that the low interest rates are very annoying for savers and a major burden for banks. And the savings banks are no exception – so in spite of the upbeat economic backdrop, the shoal of fish finds itself in rather shallow waters.