Germany’s savings banks: uniquely intertwined with local politics

Jonas Markgraf, Nicolas Véron.

German savings banks, known as Sparkassen, form an important feature of the country’s banking assets. Unlike in other European countries, German Sparkassen also hold direct links with local political communities. This post focuses on the Sparkassen’s structural links and relationships with elected politicians. Three findings which do not appear to have been specifically documented previously stand out.

Πηγή: Bruegel

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