Note: European CentralBank Cuts Deposit Rate to Negative

[tweva Survivalist]

Hmmmmm….

European Central Bank Breaks New Ground to Press Growth

[74 Survivalist]

This tells me they are near the bottom. Desporation move to stave off the coming calamity.

[tweva Survivalist]

Yeppers to that 1974

[Robin Survivalist]

If they have another Greece, Spain or Italy debt crisis it pretty much will wipe out the Central Bank.
Robin

[Broadside Survivalist]

Does anyone know if the ECB rules follow all they way down to the consumer level, or is just between local banks and the ECB? I couldn’t imagine anyone leaving money in the bank if they were going to get charged for it.

[Robin Survivalist]

If I remember correctly that was one of the problems for the Greek Bailout. ECB set some strict rules for Greece public loans. Some of the large, LARGE accounts were Russian owned. They did not like having to take a “Hair Cut” and lose money.
Robin

[Brulen Survivalist]

Your money is ours. We charge for parking. Sounds like a bad case of banker affluenza. If there’s any logic to it, can’t say I understand it.

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