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Europe: Negative Interest Rates Spell Final Defeat For Beleaguered Savers

Tuesday, August 7, 2012 - 9:53 AM
The way things are going, investors will soon be forced to pay to lend the Government their money, a topsy-turvy, Through the Looking Glass world where the lender pays the borrower a rate of interest, rather than the other way around. The profligacy of government is rewarded, the thrift of its citizens is punished. For long something of a mug’s game, saving for the future becomes completely pointless, while pension funds, forced into gilts by solvency regulation, are further crucified.

Negative interest rates spell final defeat for beleaguered savers - Telegraph
ShorebreakShorebreak2,695 posts since
Apr 6, 2010
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