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"The problem is just one of many challenges caused by interest rates falling below zero, known as a negative interest rate. All over Europe, banks are being compelled to rebuild computer programs, update legal documents and redo spreadsheets to account for negative rates. Portugal?s central...

With some of the Eurozone falling into negative interest rate territory we keep hearing about how savers will have to pay the banks for them to keep their money safe. But what about borrowers? How do negative interest rates affect exisiting borrowings? Normally there would be a 'zero' floor...