Negative interest rates are now entrenched reality in Europe, and not just for buyers of sovereign or corporate debt – even retail savings accounts are affected. What does this mean for real people trying to save for retirement? And more broadly, what does it mean for Europe culturally? Not to mention America, since Alan Greenspan tells us negative rates are coming here soon?
Rahim Taghizadegan (email@example.com) is director of the academic research institute Scholarium in Vienna, Austria, lecturer at several universities and faculty member at the International Academy of Philosophy in Liechtenstein.