The worst aspect of the move by the European Central Bank into negative interest rate territory is this: the easing action is the surest sign yet that the European debt crisis is not yet over. Read our full news coverage of the ECB. The second most problematic part of the ECB’s interest-rate package: it will manifestly run against the interests of Germany, the euro area’s EURUSD +0.10% biggest economy and the largest and most vociferous creditor. The fear is that a cut in the headline ECB interest rate to close to zero, and a reduction in the deposit rates to minus 0.25%, together with other measures to bolster ... (full story)