Christine Lagarde:
"A hotter climate and nature loss are changing our lives. We must understand what this means for the economy to fulfill our mandate. With our climate and nature plan, we are intensifying our efforts to help underpin stability and support the green transition."
How to translate what the one who is at the head of the ECB has just said?
Out of thin air monetary printing of the euro will soon resume to finance this climate transition...
This will not surprise anyone because all excuses are good to further debase the currency.
On the other hand, what should surprise you is that the president of the ECB talks about the climate transition when her mandate as the head of the ECB is not linked to climate issues.
As a reminder, the ECB's mandate is to ensure price stability.
So why does the president of the ECB allow herself to go beyond the scope of the ECB's missions?
Why doesn't anyone say anything to her when she exceeds her prerogatives?
#ECB #Brrrr #Economics #Finance #Money #StockMarket
Sylvain Saurel
npub1zr…dy0vk
2024-01-31 10:28:40
Author Public Key
npub1zrl0aah7lum92422frejljz2twpfn5hjq5242qj7udzfxvrsny0szdy0vkPublished at
2024-01-31 10:28:40Event JSON
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