negative rates from the ecb, page-59

Central bankers can fight inflation by raising interest rates – to the sky if need be – but they are limited in stimulating inflation beyond cutting rates to zero.

Negative interest rates will merely place further stress the bank system with banks hoarding cash rather than depositing it with the ECB for a charge. And negative interest rates on bank deposits would only act to encourage depositors to withdraw cash from their bank accounts because cash does not suffer negative rates (cash actually appreciates in real value during deflation).

So this inept action from the ECB will place additional capital stresses on banks already holding excessive bad debts and devalued property holdings on their books. Such extreme monetary manipulation and market distortion will create further systemic pressure on banks.