, Columnist
What Trump Loves Is Toxic for Europe's Banks
Negative rates are weighing heavily on the region’s stricken lenders.
Don’t talk to European bankers about negative rates.
Photographer: DANIEL ROLAND/AFP/Getty Images
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The president of the U.S. told the World Economic Forum at Davos that negative rates were “something I could get used to very quickly.” He added: “Love that!” Then he complained about the Federal Reserve’s still-positive rates back at home, which he believes put the U.S. at a serious disadvantage.