On the 20 Hours set, Jean-Paul Chapel deciphers the interest paid to borrowers in Belgium and Denmark.
Unfortunately, seeing your loan interest rate drop below zero will not happen in France. “It is the variable rates that allow that, and in France, there are hardly any variable rates, they are fixed rate loans. Above all, the Civil Code prohibits making loans at a rate below zero ”, specifies Jean-Paul Chapel on the France 2 set.
However, interest rates have never been lower. “Today, we can borrow over 20 years at less than 2%”, notes the journalist. However, this situation would not be good for the economy. “This is bad news for those who lend money: individuals who deposit money in a livret A, retirees. […] Banks are also worried about their margins shrinking and their health threatened ”.