Research background – Savings policy in Germany continues to be very popular, although several studies and comparisons have shown that it can have lasting negative effects on economic growth and on the investment level.
Purpose – Explanation of the concept of austerity, analysis of the impact of the implementation of austerity policy in Germany as well as in some other countries, study of the current state of the implementation of the savings policy in Germany.
Research methodology – The study is based on comparative analysis of selected studies and impact analyzes of the policy of saving on growth and on the calculation of own correlation between economic growth and debt.
Findings – The results of the analysis are ambiguous. There are many supporters and opponents of the acute savings policy. Recent analyzes supported by the interpretation of macroeconomic and financial data confirm both, positive and negative effects of the policy of acute savings.
Originality/value – The value of the text is based on the compilation of selected analyzes and analysis of the results of the austerity policy in Germany.