7/22/2016 In the shadow of quantitative easing, party like it is 1788 - FT.com
end. For example, Solvency II regulations for insurers are scheduled to come into force, which means that the various national publics will have to be told that it will not be possible to pay them exactly what they think they have coming.
Already there is right-to-left German national anger over the proposed eurozone deposit insurance scheme, as if refugees were not enough. That the German distress is counterpointed by apparent Italian government cynicism over budget policy does not help.
In the coming holidays, you should party like it is 1788.
The saving grace of negative interest rates / From Michael G Mimicopoulos
RELATED TOPICS European Central Bank, Central Banks, European banks, European Commission
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