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ECB lowers deposit rate into negative territory - in other words...
2014 Jun 5, 1:29am 341 views 0 comments
by darlag follow (1)
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"Pay us to hold your money in our bank."
Just part of Draghi's "whatever it takes" rhetoric. You can't make this stuff up. Half of the continent is in deflation now. Greece is officially screwed.
http://www.globaldeflationnews.com/europes-struggle-with-deflation-continues-ecb-expected-to-lower-deposit-rates-into-negative-territory/