News Column

Cyprus Crisis Unnerves German Savers

March 22, 2013

Almost one in two Germans are concerned about their savings following an attempt to apply a levy on bank deposits in the rescue package for Cyprus, a poll released on Friday showed.

The survey, which was carried out by pollsters Infratest for German state television, found that 48 per cent of Germans worry about their savings.

At the same time, Angela Merkel continues to enjoy strong backing for her handling of the eurozone debt crisis, with the poll showing 59 per cent of those surveyed believing that the chancellor has acted correctly and decisively.

The poll also found that voters believe Merkel's conservative Christian Democrats (CDU) are better equipped than the opposition Social Democrats (SPD) to deal with the eurozone's debt crisis.

While 39 per cent are confident that the CDU would bring the problems under control, only 16 per cent think the same of the centre-left SPD.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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