The new level of ECB interest rates is now the highest in the history of the Eurozone
interest rates
The Frankfurt institution had kept rates at historic lows, in negative territory since 2014
The domineering president has eroded central bank independence to exert more control over the economy
This is the third time that the Hellenic Republic has borrowed at a negative interest rate
Erdogan’s power grab was years in the making, a culmination of his distaste for high rates that’s been linked to Islamic proscriptions on usury
But only with a reduction of bond values purchased on a monthly basis