(Any opinions expressed here are those of the author and not necessarily those of Thomson Reuters)
(Any opinions expressed here are those of the author and not of Thomson Reuters)
We live in stirring times. The president of the European Central Bank, Mario Draghi, crossed the monetary policy Rubicon and cut one of the euro area’s key interest rates into negative territory. This is dramatic stuff, as even the most economically oblivious are likely to recognise that negative interest rates are a radical policy.