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August 17, 2016 05:27 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/MYtd6RlXEvI/europes-banks-want-to-store.html
Europe's banks want to store billions in cash to fight back against negative interest
The economic orthodoxy of austerity means that governments facing recession can't just spend their way out of it by creating New Deal-like stimulus that gets the economy moving again: instead, they handed trillions to banks and then watched in dismay as the banks failed to lend any of that out to small businesses and entrepreneurs. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/MYtd6RlXEvI/europes-banks-want-to-store.html
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