President of the European Central Bank, Mario Draghi
Cool, there’ll be even more money sloshing around Europe with nothing to do. pic.twitter.com/7RxuLTcZSr
— The Man in the Black Pyjamas (@pyjamas_black) September 12, 2019
ECB cuts deposit rate and announces return of QE (RTÉ)
Monetary policy decisions (European Central Bank)
Sponsored Link
Ah remember the good auld medieval days when we used to stick red hot pokers up currency debasers.
Stop talking like a poor person. It’s all trickle down.
a rising tide floats all boats, i’m told.
again
and again
and again
Not much use to Irish ppl, the Banks here wont pass it on
Too much risk in the lending market to do so – that’s what all this ‘NO EVICTIONS!’ business leads to in the end: 1% higher interest rates than all of our neighbours.
so unfair – I want to see families out on the street so that my bottom line can be nicely padded
1% me botty boo. it’s more than that. robbing backstards
Unless you’re on a tracker mortgage, of course.
We will soon be paid to take out debt –
https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage
What could possibly go wrong?
Thats why Trump wanted to buy Greenland because the Danish banking system is on the verge of collapse and the whole EU game of cards is about to come crashing down.
“Bankers are great fellas, aren’t they Ted?”
but…
what would Mrs. Doyle say?
If ever you needed proof that the EU is goosed, this is it.
Now I wouldn’t go that far Baz
But, since the likes of us here subject to Irish Banks like,
aren’t going to be seeing a bit of that reduction or ease to establish a viable long-term forever family home investment
Any money floating around in pockets is going to be spent on throwaways
like cars, holidays, socialising, events and other flappery and not on anything tangible or sustainable
Germany and Italy were in technical recession. A keynesian QE for the people would mean
A) they can pay off debt
B) spend.
Spending on throwaways is still money in the economy. I suspect the majority would use it for debt or household bills but again it’s money being spent in the economy, securing employment through demand, paying off some of the debt mill stone.
The financial sector will continue slacking as long as the ECB continues mortgaging the future, Germany will continue to shrink while the Periphery struggle.
Neoliberalism has failed as a governing ideology.
Any chance of of reducing the mortgage deposit rates so people can buy houses?