Finance
ECB Accused of Bias, Climate Failures in Public Listening Event
- Civil groups speak at listening event for ECB strategic review
- Lagarde warns ‘not everyone will be satisfied’ with outcome
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The European Central Bank is fielding the clearest calls yet for more democratic accountability, tougher action on climate change, and new stimulus that more directly helps workers rather than boosting asset prices.
In an “ECB Listens” event as part of the institution’s strategic overhaul, labor unions, environmental campaigners and social groups urged officials to be more mindful of the side effects of their policies.