But it gets worse and worse:
Because we must act, and the economy of the euro zone is showing signs of weakness, Mario Draghi announced Thursday, 12 September, a series of monetary stimulus measures: lower deposit rate of - 0,4% to - 0,5%, revival of the program of purchase of titles ("Quantitative Easing", or QE, in English) and promise not to increase the rates as long as inflation will not rise.
https://www.lemonde.fr/economie/article ... _3234.html
I read that French banks lose 7 Md € per year in this case. (yes, pay to lend)
And if the French State renegotiated all of its debt, that would be € 2200 billion x 0.5% -> 11 billion (still ...)
11 Mds € recipe to borrow ... We believe to dream - but no!
For now the banks have made up for the companies. For example: for a company of one person (craftsman, liberal profession), bank fees for a gross income of 50 000 € / year have increased from 400 € to more than 600 € per year in just two years.
But there is the arrival of cheaper online banks 5x (one of them one to capture more than 50 000 companies in a very short time). The financing of the state debt via the banks by the very small companies is coming to an end.
The next pigeon will be the particular: yes, when you have to pay the state with negative rates to finance your debt, you have to find some cash somewhere.
It's on: we will seriously shake bank charges. (it has already started)
It shows that the system is completely out of breath
Draghi can dream .... it will not pass. People will revolt against spoliation by banks. Yellow Vests V2