Professor: Germans pension savers are much too risk-averse

German pension savers sees an Italian government bond as a much safer bet than a share in Mercedes-Benz. That’s absurd, but the reality, according to one of Germany’s best-known pension experts, professor Bernd Raffelhüschen, who explains the significant differences between the German and Nordic pension markets.

Germany has many profitable companies, but German pension savers aren't investing in them, as they prefer bonds.


German pension savers are afflicted by a paradox, which can be hard for non-Germans to understand.

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