The household wealth grows

One way to measure the health of household savings is through the financial wealth of these, and according to statistics provided by the Bank of SpainThe financial wealth of households grew in the early months of 2011.

The wealth financial measured as the difference between financial assets and Loans, Credits that families have increased by 4.85% over the first quarter of 2010.

Thus, financial...

Economic Report December 2009 – still not a normal recovery in sight

As the Federal Association of German Banks, the BdB said today that the economic recovery going on in our country has continued, but in all likelihood, next year is expected to slow again. This is justified mainly on the slow end of the economic-strengthening measures of the federal government, but also with the so-called catch-up effects, that is, for example a rise in unemployment.

“Bank...

ECB lowered its key interest rate – and the economic forecast revised downwards

Today was the day. The European Central Bank lowered its key rate for the euro-zone to the historic low of 1.5 percent €. In the ten years of history of the ECB does this mean a new step. However, further interest rate cuts are expected. At least, sees it, the German Savings Banks and Giro Association so the CEO and Board member Dr....

Is a social market economy Germany to resolve the problems?

n Davos will take place at the moment, the World Economic Forum. Our Chancellor has on there, and today called for a rethink in terms of economies of individual countries. And a reversal of capitalist systems (such as the U.S. is one) and state-controlled systems (such as it is for example the case in China), to a system in which the social thought is the system, because: “The freedom the individual should...