The 13 negative effects of the euro zone’s very low interest rates

Interest rates are becoming increasingly low in the euro zone, despite the 13 negative effects of low interest rates: Monetary policy no longer “leans against the wind”, leading to the risk of bubbles and overindebtedness, especially with regard to public debt; The deteriorating situation of banks and life insurers; The transfer of s avings into money; The difficulty managing the disparate situations of banks; R eal estate bubble s and the resulting wealth inequality; Hardship for savers ( future pensioners ) ; The risk of a rise in the savings rate; The financing of z ombie firms; Capital outflows to the United States; Irreversibility of the highly expansionary monetary policy; The domination of the ECB by financial markets; Decline in potential growth; The disappearance of the information contained in financial asset prices.