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#ecb

3 posts3 participants0 posts today
Akshay

The European Central Bank modelled the economic risks of a series of climate disasters in a row.

If we’re unlucky in the next few years:

“a series of extreme climate events could cause euro area GDP to fall by up to 5% – a downturn similar in magnitude to the economic impact of the Global Financial Crisis.”

ecb.europa.eu/press/blog/date/

European Central Bank · Climate risks: no longer the tragedy of the horizonThe European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
#ClimateCrisis#Climate#ClimateScience
CelloMom On Cars

"The link between heat and key economic indicators such as inflation and gross domestic product is too important to ignore, according to European Central Bank Board member Frank Elderson.

The #ECB is now intensifying its efforts to deal with climate-related economic risks. That includes adjustments unveiled this week showing that it will fully take into account not just the implications of climate change, but also “nature degradation” when setting monetary policy."

bloomberg.com/news/articles/20

Bloomberg · ECB Warns of Impact of Heat Waves on Inflation, Economic GrowthBy Alexander Weber
Economy

Trump’s crypto embrace ‘sowing the seeds’ of a financial crisis, says Bank of France chief – DL News

Trump’s crypto embrace could spark another financial crisis, according to François Villeroy.Crypto markets have whipsawed amid the…
#Economy #centralbank #CentralBanks #CentralBanksoftheEuropeanSystem #DeutscheBundesbank #DonaldTrump #ECB #ESCB #Europe #European #EuropeanCentralBank #EuropeanCentralBanks #MiCA #THEBANKOFENGLAND #TheBankofFrance #TheBankofItaly
europesays.com/2206931/

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