Photo Gallery: Economists at Odds Over Interest Rate Cuts
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Photo Gallery: Economists at Odds Over Interest Rate Cuts

Foto: KAI PFAFFENBACH/ REUTERS

Near Zero ECB Interest Rate Cuts Hit Savings Hard

As the European Central Bank pushes interest rates to a new low, Germans are growing increasingly concerned about their savings. The money in their accounts is losing value and life insurance policies are yielding lower returns. Investors and central bankers feel trapped.
Von SPIEGEL Staff