Friday, December 30, 2011

Denmark - makes money on safe haven loans

Published on Dec 30, 2011 by
http://www.euronews.net/ The eurozone's loss is Denmark's gain. So desperate are investors to find safe havens away from the eurozone debt crisis that they are paying the Danish government to lend it money.

Denmark is offering negative interest rates on some short term government bonds it has just sold saying it is a "flight into safety" with investors more concerned about getting their money back than the interest they can earn.

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