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Savers Must Pay for Debt Crisis
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Published: October 6, 2012; 18:51 ♦ (Vindobona)
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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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