The carefully woven fabric is unraveling.
Negative interest rates, helicopter money trigger Clash of Titans.
“Demands for further escape referendums.”
But Draghi Still Doesn’t Get it.
“Citizens should not be put under general suspicion.”
If “punishment interest exceeds the pain threshold….”
“It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidmann.
It simply doesn’t let up.
Schäuble tries to soothe nerves, but the plunge gets worse.
Watch the banks.