in many countries of Europe, like Italy, not only saving accounts have 0 interest, they are heavily taxed so you lose money just by keeping it in the bank.
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in many countries of Europe, like Italy, not only saving accounts have 0 interest, they are heavily taxed so you lose money just by keeping it in the bank.
You Europeans will be buying U.S. treasury notes at a below zero interest rates by the end of Sept I figger. Definitely by the end of the year into the bankruptcy filing of Bank of America and Citigroup by April 2018.
that is exactly why I got rid of my bank account..