Negative Interest Rates is Not the Answer to Europe's Economic Woes
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Earlier this month, the European Central Bank (ECB) introduced a series of measures aimed at stimulating euro zone's beleaguered economy. The measures include: lowering the bench mark interest rate from 0.25% to 0.15%, as well as capping long-term loans (till 2018) to banks at 7%. The ECB also considered quantitative easing but stopped short of its re-introduction. None of these measures are new and all have been tried before in…
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