Let me make the logic crystal clear. If I offered to lend you a million dollars, at a negative interest rate of ten percent a year, for 100 years, would you accept?
How Not to Be a Leader
umair haque

But I had to promise that I will build a hotel with that money in order to you lend me that amount. Imagine that I build it and it’s a complete failure. The revenue + the negative rate of 10% can’t pay you back… Do you want your money back right? How can I pay you back? I’ll go for a second loan, and a third…and I’ll end up broken… If you’re a country with a strong economic you can always get cheap money! But if you have a weak economy like Portugal you cannot! That wonderful negative rate soon will be a positive one…

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