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A melting ice sculpture spelling 'Future' (in German) outside the ECB HQ in Frankfurt (Photo: Greenpeace)

Analysis

Can the ECB solve climate change and inflation on its own?

The European Central Bank (ECB), through its monetary policy, has shaped the response to the Covid-19 pandemic - and, with it, the current state of the economy - more than any other EU institution.

Essentially endless amounts of cheap cash under its pandemic emergency purchase programme (PEPP) and negative interest loans to commercial banks (the targeted longer-term refinancing operations, or TLTROs) prevented a financial crisis during the outbreak.

The current economic outlook ...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

A melting ice sculpture spelling 'Future' (in German) outside the ECB HQ in Frankfurt (Photo: Greenpeace)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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