After years of turbo-driven central bank stimulus, mostEuropeans still want to leave their spare cash in savings accounts,even if those accounts pay zero interest.
That's the finding of a survey by Europe's biggest debtcollector, Stockholm-based Intrum Justitia AB.
“After the financial crisis, people have felt a need — even ifthey have small means — to create some kind of security,” CEOMikael Ericson said in an interview in Stockholm on Nov. 16. “Itcan't be that people save in a bank account because of thefantastic returns, so it must be about a sense of security, havingmoney in the bank.”
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