No menu items!

Will Germans soon run out of savings? Top banking boss warns of accelerating crisis

By John Cody

Two-thirds of Germans will soon have no ability to save money, and the situation is likely to worsen due to soaring inflation, said Helmut Schleweis, who serves as both the president of Sparkasse and the German Savings Banks Association.

The influential banking head says he fears a lousy winter for Germans, with most citizens increasingly reaching their financial limits due to high inflation.

Read also: . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here

Check out our other content

×
You have free article(s) remaining. Subscribe for unlimited access.