Why Europe’s Banks are Trembling in Fear of even more Negative Rates ?
Eric Reguly, European Bureau Chief, Rome –Abolishing interest rates sounds like the greatest idea since spray cheese. Money for nothing, mortgages for free! In Denmark, Jyske Bank AS is offering 10-year mortgages where the bank actually pays the borrower interest of 0.5 per cent a year. Imagine that. But that’s what happens when the banking
