The scientists are blowing the whistles, demanding any kind of actions to curb the epidemic, but the government is not reacting much. The experiment goes on, and people continue dying. Most of them already have health issues and some are old. It looks as if this most progressive state has decided to sacrifice its old, and at the same time improve its pension funds for the case of a “collective immunity”.
Since the European debt crisis in the second half of 2012, the European Central Bank has adopted an unspoken policy of weakening the value of the euro against other currencies.
There has been always a clear policy concerning the rates of the Euro. The European Central Bank introduced negative rates in June 2014, lowering its deposit rate to -0.1% to stimulate the economy.
To battle the global financial crisis triggered by the collapse of Lehman Brothers in 2008, many central banks cut interest rates near zero. A decade later, interest rates remain low in most countries due to subdued economic growth. With little room to cut rates further, some major central banks have resorted to unconventional policy measures, including a negative rate policy. The euro area, Switzerland, Denmark, Sweden and Japan have allowed rates to fall to slightly below zero.
The European Central Bank's mandate is to ensure price stability by aiming for an inflation rate of below but close to 2% over the medium term.
In September 2019, the ECB doubled down on its negative rate policy, an attempt to make banks lend more to kickstart the economy.