Posted inEuropean Union, Germany, Italy, World

Should Europeans heed ECB chief’s money-saving advice?

European Central Bank President Mario Draghi pledged that European short-term interest rates would remain negative until late in 2019. Draghi dismissed complaints that negative interest rates penalize savers. Savers, he said, don’t have to leave their money in bank deposits: They can buy other assets. Draghi, in so many words, told Europeans to go out […]

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