ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy

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 employed as […]The post ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy appeared first on Bitcoin News.