Ze, 'Ow you say, Deflation Watch. Eurozone edition

Generali

Nikkster wrote: »

'Government debt is low in Denmark, less than half of GDP, and there's no real issue in terms of financing given where rates are. But Denmark has high levels of privately-held debt, particularly in the housing market, which always raises concerns.

However, a positive side effect for borrowers of the negative interest rate is that for the first time, a Danish lender, Nordea Kredit, is reportedly paying mortgage holders to borrow money by charging a negative interest rate. But others are not following suit as it's unclear how to handle a negative interest rate.

Indeed, there are calls now in Europe to fashion IT systems and discuss how to manage negative interest rates. There's an estimated $4 trillion of sovereign debt, including even 10-year Swiss bonds, which have negative yields.'

http://www.bbc.co.uk/news/business-31109124

Yeah, negative interest rates are causing havoc at work.

purch

Stop with all this negativity :eek: