The Wrath of Draghi: Bailed-Out German Megabank Imposes “Negative Interest Rates”

Wolf Richter   www.wolfstreet.com   www.amazon.com/author/wolfrichter Commerzbank, Germany’s second-largest bank, a toppling marvel of ingenuity during the Financial Crisis that was bailed out by ever dutiful if unenthusiastic taxpayers, will now reward these very folks with what Germans have come to look …

Central bank governors in EU & political affiliations

Laurenz Ennser-Jedenastik is a visiting researcher at Leiden University. He can be contacted at: l.ennser-jedenastik@fsw.leidenuniv.nl  Over recent decades it has become the norm for central banks to be made formally independent from governments and political actors. Laurenz Ennser-Jedenastik writes that despite this insulation …

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