Berlin takes line of least resistance on France - Sense of déjà vu for Paris finance minister
by David Marsh
The German government is likely to take the line of least resistance over latest European discord on its policies of budgetary rigour, allowing some extra fiscal leeway for the embattled French and Italian administrations, while at the same time maintaining a longer-term drive for reforms and orthodoxy.
Low Interest Rates and the Insurance Industry: From Balance Sheet Impacts to Structural Industry Changes
By Gerhard Lohmann
Interest rates are “prices” of a very special nature. They are an indicator of the cost of the future, as they guide investment decisions versus consumption decisions over time. If interest rates are high, the hurdles for investing today in order to generate future returns are also high.