Finance
German savings banks using bonds to buy love from politicians
European Central Bank economist releases a report after a study of the home-state bond-buying behavior of 455 government-owned banks across several hundred county and state elections
Savings banks in Germany seem to care a lot about their bonds with politicians.
A report published by European Central Bank economist Alexander Popov on Thursday suggested that the country’s small government-controlled financial institutions may be using debt purchases as a way to woo new regional governments.
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