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NEWS

It’s official: the world has gone mad.

In Denmark a bank is paying people to take out a home loan with them.

Jyske, Denmark’s third largest bank, is offering a mortgage rate of -0.5% for 10 years, which means borrowers’ debts are reduced by more than the amount they pay back. Not bad at all but spare a thought for the savers in 20 countries where they have to pay to put their money in 5 year government bonds. Both sound like great material for a Tui ad, but they’re true.

 

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