DRAGHI SAYS ECB TECHNICALLY READY FOR NEGATIVE DEPOSIT RATES
The Center of the Universe » EU 2013-08-11
Summary:
If anyone can get a message to him, please tell him that, functionally, negative rates are just a tax on deposits that ultimately reduces spending/output/employment, much like the PSI did in Greece and whatever you want to call the ‘deposit confiscation tax’ in Cypress. > > (email exchange) > > This is a bit unexpected > *DRAGHI [...]
Link:
http://moslereconomics.com/2013/05/02/draghi-says-ecb-technically-ready-for-negative-deposit-rates/From feeds:
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