Creeping Erosion - German Depositors and the Interest Rate Trap | All media content | DW | 16.04.2013
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Creeping Erosion - German Depositors and the Interest Rate Trap

Central banks are trying to combat the financial crisis with lower interest rates. That benefits debtors - in other words, it helps indebted governments, by putting the brakes on their outstanding debts.

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Banks also profit from high rates on overdrafts and private loans. But people with savings end up on the losing end, as the value of their assets dwindles from day to day. Report by Carmen Meyer.