Tumbling Interest Rates in Europe Leaves Some Banks Owing Money on Loans to Borrowers
"Subzero rates have put some lenders in an inconceivable position"
http://www.wsj.com/articles/as-interest-benchmarks-go-negative-banks-may-have-to-pay-borrowers-1428939338
THIS IS PART OF DEFLATION = not a good thing & very hard to stop.
Timely....
On my drive this morning I was listening to these podcasts
http://www.npr.org/blogs/money/2015/01/16/376967946/episode-253-gold-standard-r-i-p
http://www.npr.org/blogs/money/2015/01/14/376967891/episode-252-the-gold-standard
better link - all episodes in the series - http://www.npr.org/series/377029766/planet-money-buys-gold
Anyway, the reason it's timely is that deflation was the main reason the gold standard was abandoned.