Yep, they pretty much control the rates. This is not "a few years back" - this clusterfuck has been brewing since year 2000 with the euribor. At that point sev

Yep, they pretty much control the rates. This is not "a few years back" - this clusterfuck has been brewing since year 2000 with the euribor. At that point several countries needed high rates to stop their overheating borrowing and they were given a shower of petrol to stop their fires.