Archived Europe Is So Weak It Can't Even Handle 0% Interest Rates (zerohedge.com)
submitted ago by not_drunk
Posted by: not_drunk
Posting time: 1.7 years ago on
Last edit time: never edited.
Archived on: 6/13/2019 10:00:00 AM
Views: 444
SCP: 33
33 upvotes, 0 downvotes (100% upvoted it)
Archived Europe Is So Weak It Can't Even Handle 0% Interest Rates (zerohedge.com)
submitted ago by not_drunk
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[–] TheStapler 0 points 5 points 5 points (+5|-0) ago (edited ago)
Boy, international capitalism run by a rootless clique with a vendetta against Europeans seems not to be working so well in Europe... time to import a billion more refugees! Who cares that they can’t make money... they sure can spend it!
[–] [deleted] 0 points 2 points 2 points (+2|-0) ago
[–] TheSeer 0 points 1 point 1 point (+1|-0) ago
People spending their money as fast as they can, rather than seeing their bank balance go down (basically the same as 0% interest rates, with an increase in bank fees).
[–] TheSeer ago
Not Europe. (((European financial institutions))).
[–] Monkeyshinerbot3000 ago
If they would stop the banks from owning their currency they would not be having that problem.
[–] not_drunk [S] 0 points 1 point 1 point (+1|-0) ago (edited ago)
Unrealistic to drive economic growth through lending.
Need a healthy (educated, motivated, globally competitive, some what wealthy) middle class.
Zero rate lending allows the leveraged (rich cause that's the only group that qualifies for the loans during the down times) to expand their empires.
edit some what
[–] Monkeyshinerbot3000 ago
Nailed it!