ABN Amro CEO Gerrit Zalm warned Thursday for the social consequences of such a negative savings rate.
The former finance minister fears that people will save more than cash at home, with the risk that increasing the number of burglaries. Whether there really is a negative savings rate, moreover, remains to be seen.
As Salmon dared to do about any concrete predictions. The bank manager is hopeful that the ECB provisionally for the last lowered interest rates last month.
Critical
Salmon does have some time criticizing the interest rate policy of the ECB. Holding interest in a while very low in order to boost economic growth, but banks have since suffered from their earnings.
” If we are in a deep recession, I had more understanding to have. But the European economy is growing, ” said Salmon, who believes that the ECB’s measures do not work anymore and now exhibit adverse effects
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