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‘Dear bankers, it’s time to wake up:’ Belgium raises record €22 billion from savers in ‘clear signal’ for higher bank rates (english.elpais.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Belgium has raised a record €21.9 billion ($23.65 billion) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent grows with lenders failing to keep up with surging interest rates. The sale marks the biggest funding drive from households in Belgium’s history and is likely Europe’s biggest retail bond sale, the country’s debt agency says.

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[–] [email protected] 8 points 1 year ago (1 children)

As a Belgian I put in a good chunk of my savings. I don't have a mind for finance and investments so it's a win win. As close to a no risk investment as you're gonna get, no need to keep an eye on it, and helps the state.

[–] Tar_alcaran 5 points 1 year ago

And if western Europe does end up collapsing, I don't think you want any investments, other than canned food and a deep basement.