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Savers Must Pay for Debt Crisis

Published: October 6, 2012; 18:51 · (Vindobona)

At the European Forum Alpbach, analysts explained that the debt crisis can only be solved through negative real interest rates.

Savers Must Pay for Debt Crisis / Picture: © Raiffeisen Bank International / M. Schreiber

Peter Brezinschek chief economist of RBI (Raiffeisen Bank International) expects a high inflation rate because of the quantitative easing measures.

According to Michael Rottmann at UniCredit, the high public debt can only be reduced by a long-term phase of negative real interest rates. The higher the debt, the more negative the real interest rate, he says. “We can see that…

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Savers Must Pay for Debt Crisis

At the European Forum Alpbach, analysts explained that the debt crisis can only be solved through negative real interest rates.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.