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ECB's Weidmann: Active role in climate policy could undermine our independence

ECB's Weidmann: Active role in climate policy could undermine our independence

Central Banks
Adam Button
20/11/2020 | 13:05 GMT

Comments from Weidmann:

  • It's not the task of the ECB to penalise or subsidise certain industries

This is not a popular position but he has a point. Elected officials need to be the ones to make these decisions, not appointed bureaucrats.

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