State officials are celebrating the biggest funding drive from households in the small country’s history. Lenders saw clients massively withdraw money from deposits that barely generate any profits at a time of high inflation

Belgium has raised a record €21.9 billion ($23.65 billion) from savers in a bond sale designed to compete with bank deposits, a sign of growing popularity for government debt as discontent grows with lenders failing to keep up with surging interest rates. The sale marks the biggest funding drive from households in Belgium’s history and is likely Europe’s biggest retail bond sale, the country’s debt agency says.

  • Tar_alcaran@lemmy.worldEnglish
    61·
    1 year ago

    And if western Europe does end up collapsing, I don’t think you want any investments, other than canned food and a deep basement.