If you don’t have a job, if you don’t have any orders for your business because growth isn’t right, because investments aren’t right, then you can’t save either. And if you have inflation at 1.8% for a month, then of course you won’t be € down on your € as it can’t be calculated for the whole year but only for a month.
So, it’s clearly a serious issue – especially for savers – and also for me, as I’m a saver too. Yes, and that’s why it’s important to exit from the expansionary monetary policy as quickly as possible, and because the intended effects of the monetary policy measures decrease over time, while the risks, the side effects, increase.