BOE's Forbes says that blaming the crisis for weak productivity is fading

BOE's Kristin Forbes says higher rates will be an opportunity for savers

• Low productivity is a risk for developed countries
• The argument that the crisis is to blame for weak productivity is fading
• Normalisation of interest rates represents an opportunity for savers, and better allocation for capital

That's if anyone has any savings left ;-)

• Says most traditional channels of contagion from Greece are manageable
• Financial institutions are in a much better placed to handle Greek contagion than previously

More comments on how a Greek exit wouldn't be as big a deal as back in 2012