She Might Become the Most Powerful Person in Europe and You’ve Never Heard of Her Before?

No she is not in charge of Germany or a major country but she will soon be in charge of the European Central Bank– the European version of the United States Federal Reserve. Her name is Christine Lagarde and she has won European Union support to become the first female President of the European Central Bank (ECB). It will be the first time a women has been placed in charge of all European banking, as the ECB is one of the largest financial institutions in the World.

Value of Negative Yielding Debt Hits Record $12.5 Trillion – Indicating European Troubles

A negative interest rate definition:  The issuer (for example a bank) will charge negative interest. Instead of receiving interest on the deposit funds, depositors must pay regularly, or have negative interest rates deducted, to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe.