ECB's Schnabel floats radical ideas for green stimulus
The European Central Bank could step up its purchases of "green" bonds and avoid those that it deems unfriendly to the environment to help finance the euro zone's fight against climate change, ECB board member Isabel Schnabel said on Monday.Floating some of the most radical ideas to have come from an ECB policymaker, Schnabel was opening the door to a green shift championed by new President Christine Lagarde after being resisted by her predecessor, Mario Draghi, for going beyond the central bank
Read more »