Europe

8324 readers

1 users here now

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current banner: Thunder mountain, Germany, 🇩🇪 ) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

Be nice to each other (e.g. No direct insults against each other);
No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
No posts linking to mis-information funded by foreign states or billionaires.

Also check out [email protected]

founded 2 years ago

MODERATORS

[email protected]

‘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]

9 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] Tar_alcaran 9 points 1 year ago* (last edited 1 year ago) (2 children)

I wish the Netherlands would hold a sale like this, only for persons, with a sensible limit of a million or something like that.

There are literally no downsides.

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

Isn't it beneficial for the Belgian state though? I didn't understand it as a favor that the government makes for us citizens. As I understood, this debt has lower interest rates for them. If so, there's no need to limit who can invest.

[–] Alami 2 points 1 year ago* (last edited 1 year ago)

Correct. And with a lower debt the country can also borrow other money from the market at lower rate too. Win win. I hope this sparks a discussion about why aren't banks a public service yet? Private gains in wealthy times and bailed out by taxpayers in crisis time. Hope they fix the roads though

[–] [email protected] 0 points 1 year ago (1 children)

You can simply buy Dutch government bonds through your bank if you want to do so.

[–] Tar_alcaran 2 points 1 year ago

Absolutely, I can easily do that right now, but it takes more effort than your average "I have a bank account and that's it" person is willing to spend.

Having a "public sale" sounds like a great idea for all those people.