The ECB needs political guidance on secondary objectives

Stanislas Jourdan | 26 April 2021

While EU Treaties clearly stipulate that the European Central Bank “shall support the general objectives of the European Union”, politicians cannot simply stand by, hoping that it will use its discret …

ECB trails Chinese and Brazilian central banks in combating climate change

Paul Creeney | 1 April 2021

The European Central Bank (ECB) and European Banking Authority (EBA) are failing to walk the talk on fighting climate breakdown and are lagging behind China and Brazil in their actions in response to …

Why green monetary policy is legal and legitimate 

Stan Jourdan and Marc Beckmann | 3 March 2021

Those sceptical that the European Central Bank (ECB) should its green monetary policy claim this is not compatible with the ECB’s mandate, and that this would be undemocratic. But fighting climate cha …

EZB-Schuldenerlass: Keine erstbeste Strategie; höchstens eine Notfalllösung

Stanislas Jourdan | 1 March 2021

Seit dem Ausbruch der Covid-19-Krise ist eine Debatte darüber entstanden, ob wir die Staatsschulden bei den Zentralbanken abschreiben sollten. Trotz der technischen Machbarkeit ist der Schuldenerlass …

NEW REPORT: How can the European Central Bank unleash building renovations across Europe

Uuriintuya Batsaikhan and Stanislas Jourdan | 24 February 2021

A new report by Positive Money Europe proposes to accelerate building renovations in the EU by tweaking the European Central Bank’s gigantic “TLTROs” programme to incentivize banks to offer cheap loan …


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