It's a Bad Time to Be a Saver in Europe

It's a strange world when economic frugality is punished while fiscal profligacy gets rewarded, yet negative interest rates mean that's what's happening in the euro zone. 
Want to make a deposit? It'll cost you. 

In the post-crisis economic environment, with record-low interest rates in many countries, it's better to be a borrower than a lender, despite Shakespeare's admonition to be neither. These days, however, it's even worse to be a saver.

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