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Same here in NL. An entire generation is growing up with the idea that saving doesn't earn you anything. Borrow borrow borrow is the credo. Our entire housing
by apexalpha 7y ago
Same here in NL. An entire generation is growing up with the idea that saving doesn't earn you anything. Borrow borrow borrow is the credo.
Our entire housing market is fucked thanks to the ECB, pension funds are cutting pensions because bonds literally don't give you a return anymore. All assets worldwide have been pumped into record heights.
All this so governments in southern Europe don't drown in their own debt.
If only the countries joining the Euro had agreed to keep deficits and debts below a certain level....