“Denmark is helping its mortgage banks figure out how to tackle negative interest rates after the industry called upon the government to step in.  Business Minister Henrik Sass Larsen is forming a working group that will address the challenges that negative rates pose for the $500 billion industry. The development follows the central bank’s historic efforts to save its euro peg, forcing policy makers to cut the benchmark deposit rate to minus 0.75 percent, suspend government bond sales and sell a record amount of kroner to weaken the currency.  Nykredit and Nordea have said they won’t issue bond-backed mortgages at negative yields. Realkredit Danmark A/S has said it will.”

http://www.bloomberg.com/news/articles/2015-02-05/mortgage-banks-to-meet-with-danish-government-on-negative-rates

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