Basically, if you deposit 100 dollars in a European bank, instead of PAYING you annual interest on the deposited cash, they will CHARGE you a specific amount for the privilege of keeping your money in their vaults. At the end of the year, you will have less money in your account than what you started with.
Kinda like inflation.
Don’t put your money there.
Are we heading this way?
The result being if you have any money you pull it out of the banks eventually.