Saturday, 5 March 2016

http://wolfstreet.com/2016/03/04/palace-revolt-ecb-nirp-negative-interest-rates-by-bavarian-savings-banks/

The Association of Bavarian Savings Banks, which represents 71 savings banks in the German State of Bavaria, has had it with the ECB’s negative deposit-rate absurdity, and it’s now instigating a palace revolt.

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