`Zombie Bank' Risk on ECB Deposit Rate Cut, Europe
Jul. 5, 2012
Joerg Kraemer, chief economist at Commerzbank AG, talks about the European Central Bank's decision to cut its main refinancing rate to a record low of 0.75 percent from 1 percent and its deposit rate to zero from 0.25 percent.
He speaks with Guy Johnson and Linda Yueh on Bloomberg Television's "City Central." (Source: Bloomberg)