Flood of cash pushes borrowing costs to unusual levels in Europe – The Wall Street Journal

Flood of cash pushes borrowing costs to unusual levels in Europe – The Wall Street Journal

Too much money to search for too few assets creates strange phenomena in the heart of European financial markets. A striking example: some companies and most banks can now borrow at rates lower – and much lower than zero – than the rate set by the European Central Bank. Italy’s Enel SpA, one of Europe’s […]
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