In addition, it is worth stressing that financing conditions in the euro area are very favourable, supporting the ongoing gradual economic recovery in the euro area. I should note that this scenario of an ongoing and further progressing economic recovery is subject to some risks - in both directions.
People are worried about their savings and pensions. They did not invest money, like Goldman Sachs, in shares, options and highly controversial bonds, but focused with your majority – rather conservatively – on savings books, German government bonds and life insurance policies. Because of the ECB’s low interest rate policy, they are currently experiencing a clear drop in wealth.