Published on Wolf Street, by Wolf Richter, March 4, 2016: if punishment interest exceeds the pain threshold.
The Association of Bavarian Savings Banks, which represents 71 savings banks in the German State of Bavaria, has had it with the ECB’s negative deposit-rate absurdity, and it’s now instigating a palace revolt. Continuer la lecture de « It Begins: Palace Revolt against ECB’s NIRP »