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> But negative interest rates would help the heavily indebted countries to ease their debt service burden. By penalizing their creditors, sure. That should tea
by nybble41 5y ago
> But negative interest rates would help the heavily indebted countries to ease their debt service burden.
By penalizing their creditors, sure. That should teach them (and anyone else paying attention) not to lend to such countries in the future.
- inglor_cz 5y agoThis gets even worse. As of today, no one is already willing to buy Italian, Greek etc. debt at the current low interest rates - but the ECB itself. It reminds me of Baron Munchhausen pulling himself out of the swamp by his own hair.