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MNI BRIEF: Growth Could Test EZ Green Plans, Policy Mix

(MNI) LONDON
(MNI) Frankfurt

Countries running high levels of public expenditure and low growth rates as they transition to a greener economy are more likely to experience budget deficits, leading to increased monetary-fiscal dependence and increasing the possibility of both monetisation and direct environmental impacts, a working paper published by the ECB concludes.

The ECB's Governing Council agreed unanimously to make climate change a key consideration in its new monetary policy strategy, although it remains to be seen how the move will be implemented.

MNI Frankfurt Bureau | +49-69-720-146 | luke.heighton@marketnews.com
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MNI Frankfurt Bureau | +49-69-720-146 | luke.heighton@marketnews.com
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