[seizethecheese]

What's your source, your intuition? Germany is one of the highest savers in the Euro area; much higher than Greece.

http://data.worldbank.org/indicator/NY.GNS.ICTR.ZS

[antman]

This table does not mention personal savings. It is cannot provide insight, is as useless as GPD per capita.

[yxhuvud]

That Germany, the state, is living beneath its means does not say anything at all about the German people or if they save their wages or not.

[bildung]

If I understood GP right you both say the same: Being frugal means consuming less (= saving instead).