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ECB monetary easing hurts German savers but heals state finances
Germany's regions have had their debt servicing costs cut by an average of 40 per cent in eight years, says S&P Global
MANY Germans see the European Central Bank's (ECB) bond-buying scheme and interest rates cuts as subsidising indebted southern eurozone members at the expense of northern savers, but it has also transformed the finances of Germany's regions.
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