Buba report: German economy grew strongly in Q2

Germany’s central bank, Bundesbank (Buba) released its monthly economic report on the German economy.

Key Headlines:

German economy grew strongly in second quarter

ECB risks losses, price distortions by entering corporate bond markets

"There is an increasing risk that the confidence in the sustainability of the state finances of individual countries will be eroded once interest rates rise, threatening to put pressure on monetary policy to counter this."

"If rates on average were still at their pre-crisis levels, interest expense last year alone would have increased by nearly 2 percent of the nominal gross domestic product."

"Since 2008, savings have totalled almost 1 trillion euros or almost 9 percent of euro area GDP."