The former top banker admitted that fiatny money costs nothing] mor

The former managing director of one of leading Swiss banks subjected to sharp criticism negative interest rates, having come to a conclusion that money became useless. Oswald Grübel, heading Credit Suisse Group AG from 2004 to 2007 and UBS Group AG from 2009 to 2011, told that such extreme bank measures as negative interest rates, will lead to further economic recession. In...