Frances Coppola on the ECB and Denmark

Summary:
ORIGINAL AIR DATE: TUESDAY, FEBRUARY 10 Erin chats with Frances Coppola – associate editor at Pieria and author of the blog “Coppola Comment.” Frances tells us if negative interest rates in Europe are working and gives us her take on the ECB’s recent move to stop accepting Greek collateral for loans. She is negative on both outcomes with negative interest rates not adding to credit growth and the ECB’s moves having no positive impact on helping prevent a catastrophic outcome over Greece. Frances also opines on Denmark’s plight in defending its euro currency peg with negative interest rates and currency intervention and gives us the latest in the UK economy and housing market ahead of the May elections. Check us out on Facebook: http://www.facebook.com/BoomBustRT

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