Rape the Congo
U guys never learn
PAR10:14:29 GMT - 05/22/2020
I rather think the ECB is working against the German government and working for the Americans as ECB loves BlackRock while destroying European banks with negative penalty rates. German and French banks suffer the most from the ECB s negative rates. German savers suffer the most.
Mtl JP 09:45:05 GMT - 05/22/2020
ECB, LAGARDE, PONZI, MAFIA
IF there is no blood,
TRADERS are not interested.
That also seems to be the final conclusion of the FED.
The only brilliant US economist in favor of negative interest rates seems to be Donald Trump. But maybe he is biased by a rather big conflict of interest.
PAR07:36:36 GMT - 05/22/2020
ECB should engage in fiscal stimulus and cut the 0.5% penalty tax it is collecting on European bank deposits.
This will free € billions for banks to invest in the real economy.
The ECB is using the € billions in taxes it collects to pay
insane salaries to its bureaucrats, to manipulate bond and stock markets, to help befriended hedge fund and companies, and last but not least to pay BlackRock.
What the ECB does may legal or most likely illegal.
The most important question is will it work.
It did NOT WORK for the last ten years so maybe some auditing and some thinking of more effective policies are more than warranted.
This waste of money and time can't continue any longer. Maybe it is time to close the ECB and come up with something better.
Never ever reaching your objective is no longer an option.
Stop taxing banks and European citizens while calling for solidarity and fiscal stimulus. Not all Europeans are stupid Mme Lagarde.
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