On the day in which the ECB for the first time ever announced negative deposit rates, as in pay the bank holding the deposit, the ex-Goldman head of the ECB, Mario Draghi just confirmed he has a career in comedy when this monetary and political circus finally comes crashing down.
"It's completely wrong to suggest we want to expropriate savers" - Mario Draghi
... We are still laughing.
And also laughing with tears of joy, are millions of young unemployed Spaniards whose reaction to Draghi's TLTRO announcement was captured in the photo below.
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