Financial investment and financing sector in the first quarter of 2010

According to current financial accounts data, households' financial investment in the first quarter of 2010 showed an increase for the fourth time in succession. According to modern financial reporting, household financial assets in the first quarter of 2010 showed growth for the fourth consecutive time. The main beneficiaries were liquid bank deposits and insurance assets. The main beneficiaries of liquid deposits of banks and insurance assets. At the same time, there was a further reduction in debt. At the same time, it was further debt reduction. In the case of non-financial corporations, however, external financing rose for the first time in three quarters, mainly in market-based financing. For nonfinancial corporations, however, external funding has increased for the first time in three quarters, mainly in countries with market financing. Government debt also continued to rise and reached a new high at the end of March. The national debt continued to grow, reaching new highs in late March.

Households' financial assets up further, debt down Household financial assets is even higher, debt down

Households' financial investment in Germany in the first quarter of 2010 amounted to more than € 51 billion, thus matching its high level in the same quarter of 2009. financial investments of households in Germany in the first quarter of 2010 amounted to over € 51 billion, which corresponds to its highest level in the first quarter of 2009.

Bank deposits (including currency) accounted for a major part of this, increasing by € 16 ½ billion net on the quarter. Bank deposits (including currency) was a big part of this is increased by € 16 billion network of ½ quarter. As in the preceding quarters, inflows were chiefly in sight and savings deposits. As in previous quarters, capital inflows mainly in the form of savings and deposits. At € 18 ½ billion and € 12 billion, respectively, they were weaker than before, however. At € 18 ½ billion and € 12 billion, respectively, they were weaker than before, however. These inflows are to be seen, above all, against the backdrop of the ongoing reduction in fixed-term deposits since more than one year ago; they were down again by € 13 billion in the reporting quarter. These inflows should be considered, especially against the background of the continuing decline in term deposits with more than a year ago, they were again on the € 13 billion in the quarter. Low interest rates, in particular, are likely to be one of the responsible factors. Low interest rates, in particular, may be one of the responsible factors. There was only a minor increase in households 'currency holdings, at € 1 ½ billion; this points to a further normalisation in households' investment behaviour. There was only a slight increase in stocks of household currency, the € 1 ½ billion, it indicates a further normalization of the investment behavior of households.

In the case of securities, too, there was a total net inflow of more than € 9 ½ billion in the first quarter of 2010. In the case of securities, too, was the total net inflow of over € 9 ½ billion in the first quarter of 2010. Roughly two-thirds of these funds (€ 6 billion) consisted of investment in investment funds, mainly mixed funds and open-end real estate funds. Approximately two-thirds of these funds (€ 6 billion) consisted of investments in investment funds, mainly mixed funds and open-end real estate funds. By contrast, equity-based funds open to the general public were of no more than minor significance. Unlike stock funds, open to the public were no more than minor. Together with the - yet again - small volume of direct share purchases in the amount of € 1 billion, this suggests that households have a greater need for safety than in 2009. But - again - a small amount of direct share purchases in the amount of € 1 billion, this suggests that households have a greater need for security than in 2009. Claims against insurers increased sharply, however. Claims against insurers rose sharply, however. Owing to the crediting of bonuses at the beginning of the year, this increase in this figure is generally higher than in the other quarters. Due credit bonuses at the beginning of the year, the increase in this figure is usually higher than in other areas. Nevertheless, at € 24 billion on balance, the inflows are - with the exception of the same quarter last year - well above the usual first-quarter level. Nevertheless, the € 24 billion to the balance, the flow - with the exception of one and the same quarter last year - far above normal in the first quarter level. One of the probable reasons is the increasing range and availability of quasi-bank products, say, in the form of single-premium insurances which resemble an attractively remunerated fixed-term deposit. One probable reason is the increasing range and availability of conventional banking products, for example, in the form of a single premium insurance, resembling an attractive paid on term deposit.

Overall, this financial investment resulted in financial assets of € 4,739 billion at the end of the first quarter of 2010. In general, this has resulted in investments in financial assets amounting to € 4.739 trillion dollars at the end of the first quarter of 2010. Households' financial assets were thus around € 315 billion up from the same quarter one year earlier, when assets reached a low in the wake of the financial crisis and the associated losses in securities. Household financial assets, thus, about € 315 billion compared to the same quarter a year earlier, when the assets reached the lowest in the financial meltdown and related losses in securities.

Debt fell further, however. Debt has fallen further, however. On balance, loans (including other liabilities) in the amount of € 8 billion - mainly loans for house purchase - were repaid. As a result, loans (including other liabilities) amounting to € 8 billion - essentially, loans to buy homes - have been repaid. At the end of the quarter, debts to banks and insurers thus totalled € 1,526 billion and were therefore unchanged compared with the same quarter of 2009. At the end of the quarter, debt to banks and insurers thus amounted to € 1,526 billion, and therefore no changes compared with the same quarter in 2009. As a result, net financial wealth rose to € 3,212 billion. As a result, net financial wealth has increased to € 3212 billion.

Non-financial corporations: low financial investments and increasing external financing non-financial corporations: low financial investment and increasing external funding

Although producing enterprises' financial investment was positive, at € 6 ½ billion, it was still comparatively weak. Although the term "investments production facilities has been positive, at € 6 ½ billion, was still relatively weak. The last time that inflows were so small was during the economic downturn at the beginning of the decade. Last time that the flow was so small, was during the recession at the beginning of the decade. One factor contributing to this is likely to have been that more resources were used for real investment than in the preceding quarters. One of the factors that were probably more, that resources were used for investment than in previous quarters. The main increases were in equities (€ 28 billion), bonds (€ 16 ½ billion including money market paper), and loans (€ 8 billion). The main increases were in equities (€ 28 billion) , bonds (€ 16 billion, including ½ of paper money, market), as well as loans (€ 8 billion). Smaller outflows, of € 1 billion each, were recorded in bank deposits (including currency) and investment fund shares / units, however. Smaller outflows of € 1 billion each, have been recorded in bank deposits (including foreign currency) and investment fund shares / units, however. Furthermore, enterprises reduced their other accounts receivable by € 53 billion. In addition, the company reduced its other receivables of € 53 billion

Following three weak quarters, there was an increase again (€ 18 billion) in external financing. After three weak quarters, it will further increase (€ 18 billion) in external financing. These resources derived primarily from a comparatively strong issuance of new debt securities, growth in which, at € 8 ½ billion, was more than twice as large as in the same quarter of last year. These funds are derived mainly from the relatively strong issuance of new debt securities, whose growth in the € 8 ½ billion, more than twice higher than in the same period last year. There was also a market increase in equity-capital-based financing. There was also an increase in equity capital market-based financing. Non-financial corporations placed € 6 billion net worth of shares - a volume unmatched since the end of the internet boom at the beginning of the decade. Non-financial corporations placed € 6 billion net cost of the shares - the amount of unmatched since the end of the Internet boom in the beginning of the decade.

In the case of loans, net borrowing amounted to a total of € 5 billion. In the case of loans, net borrowing amounted to a total of € 5 billion. This was due mainly to a net increase of € 6 billion in cross-border loans among group affiliates, which are used primarily by larger and internationally active enterprises, as well as the € 10 billion increase in loans from domestic insurers and other lenders. This was due mainly to a net increase of € 6 billion in cross-border loans among a group of branches, which are mainly used by large and internationally active companies, as well as € 10 billion increase in loans of domestic insurance companies and other lenders. Loans from domestic and foreign banks were again repaid in net terms, however, although these repayments, at € 11 billion, failed to match the volumes of the preceding quarters. Loans from domestic and foreign banks once again paid off in a pure form, however, although these payments to € 11 billion, failed to match the levels of previous quarters. A large part of this was accounted for by the reduction in liabilities to foreign banks (€ 8 billion). Most of this had to reduce the liabilities to foreign banks (€ 8 billion).

General government: rising debt accompanied by declining financial wealth Governments: the growth of debt associated with lower financial well-being

General government ran further into debt in the first quarter of 2010. General government ran further into debt in the first quarter of 2010. Total liabilities rose by € 20 billion net. Total liabilities increased by € 20 billion net. The increase was thus sharper than in the two previous quarters, but noticeably weaker than in the first half of 2009, when the launching of economic stimulus packages led to considerable deficits. Thus, the increase was more dramatic than in the previous two quarters, but much weaker than in the first half of 2009, when the beginning of economic stimulus packages have led to significant deficits. This was funded primarily by the issuance of new debt instruments, which increased by € 24 billion net. It was funded primarily through the issuance of new debt instruments, which increased by € 24 billion net. Loans in the amount of € 3 billion were repaid, however. Loans of € 3 billion had been repaid, however. Furthermore, there was a reduction in financial assets. In addition, there was a reduction in financial assets. Bank deposits (including currency) were liquidated in the amount of € 10 billion and bonds were sold (- € 2 billion). Bank deposits (including currency) were eliminated in the amount of € 10 billion, and bonds were sold (- € 2 billion). As a result, financial investment was again negative at - € 12 billion. As a result, financial investments back negative - € 12 billion. The debt of the government sector (which, in the financial accounts, is calculated at current prices) amounted to € 1,863 billion at the end of March 2010 and was thus € 114 billion higher than one year previously. Public sector debt (which, in the financial statements, calculated in current prices) amounted to € 1 863 billion at the end of March 2010 and, thus, € 114 billion more than a year ago.