Tag Archives: European Central Bank

The European Central Bank’s Crazy Negative Interest Rates!

The European Central Bank’s Crazy Negative Interest Rates! It’s time for Europe to recognize that neither negative interest rates nor quantitative easing has saved their economies.  By using negative rates, the ECB has been trying to punish banks into lending, and it hasn’t worked.  Worse, negative rates are, in effect, a tax on the financial system.  As a result, they undermine bank profitability and weaken the financial system. 

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