Germans prefer cash

People, Tuesday, November 01, 2011 18:06:55

German consumers remain loyal to the payment in cash, said "Deutsche Welle". Many of them may be hiding money under their pillows or have them exported abroad because they do not trust banks. With the establishment of monetary union Fed prints notes and minted coins totaling 140 billion euros.

Now, ten years later, the amount swelled to 328 billion euros. But when in the autumn of last year, Lehman Brothers went bankrupt and the fear of bankruptcies among banks Germans invaded, they began to withdraw from their accounts to large amounts. Skatavaha money under pillows or exported them abroad.


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