We have negative interest rates in the Euro Zone

http://www.ecb.europa.eu/home/html/index.en.html

This means that is a bank in the EU deposits money with the European Central Bank, a negative interest rate is applied, that being of 0.4%.

Thus €1,000,000 (€1m Euros) on deposit with the ECB, after 12months would be €996,000. Yes  a capital loss of €4,000 Euros.