P 2 • •61.0.1 owed =owl Nel saving. Gan. 2014003 IGO 140 120 100 00 SO 40 -2 20 1990 2001 2003 2006 2007 2000 2011 2013 Source. °WWIIS. ECB I I 1 Households NoIllnarcials Financials Govewencre [went ocean Surpluses recycled through record portfolio outflows The large current