How Draghi’s ZIRP Is Driving German Savers Into Putin’s Noose

VTB made a big splash in Germany, offering phenomenal interest rates of up to 2.5% for 5-year CDs to German savers.....Phenomenal only in these crazy times of interest rate repression where frantic German savers, driven to near insanity by the low rates all around, think it’s a good deal to lend money to a near-junk rated bank at 2.5% for five years –
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