ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
</header> <strong> European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel was speaking out in defense of negative deposit rates being …
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy Read More »