In 2020, gross savings in the Eurozone increased by more than +50%, and “excess savings” stood at more than EUR450bn, or over 4% of GDP, thanks to reduced spending on services amid renewed lockdowns.

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Our business is built on supporting relationships between people and organisations, relationships that extend across frontiers of all kinds - geographical, financial, industrial, and more. We are constantly aware that our work has an impact on the communities we serve and that we have a duty to help and support others. Everyone at Euler Hermes is encouraged and supported in taking action to give back to communities around them and to share the benefit of our skills and resources. As a financial services business, we are especially dedicated to raising the level of financial literacy so that individuals can live their lives in confidence and security. We are also strongly committed to fairness for all without discrimination, among our own people and in our many relationships with those outside our business.