No, That Makes Perfect Sense

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This is how desperate European investors are for a safe-haven: They’re paying Germany to “borrow” money.

Germany just held a 3.9 billion EUR auction of 6 month bills. The interest rate: -0.0122%.

Essentially Germany is a bank, where the depositor pays to warehouse money. If you’re worried that no other institution will stay solvent during that time, it obviously makes tremendous sense to pay Germany.

 

Germany Is Now Officially Getting Paid To Borrow Money (Business Insider)