Cash is still king for debt-averse Germans [View all]

[Lars77]

Germany is lending its European neighbors billions of dollars to save the eurozone. But the German people are very reluctant to get into debt themselves.
In fact, people there use cash to pay for things at a far higher rate than in other big economies. And most Germans would rather rent their home than buy, in order to avoid going into debt.

It's a frame of mind that helps explains Berlin's tough stance on European bailouts.