Europe’s negative interest rate spells trouble for Israel
The European Central Bank’s dramatic step will force the Bank of Israel to respond, putting the economy at risk of real estate and stock market bubbles.
He’s still not done, European Central Bank President Mario Draghi said over the weekend, regarding plans to stimulate the eurozone economy and fight off deflation. “We think it’s a significant package,” Draghi told reporters. “Are we finished? The answer is no.”
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