Discover and read the best of Twitter Threads about #WallStreetClimateConsensus
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in a shocking move, Weidmann denies what his fellow central bankers have been saying for a year now, that climate risks are financial stability risks that need to be addressed within existing central bank mandates.
his 'bold' idea: central banks protect their own pensions from climate risks, but not the entire financial system. 
when German central bankers were prepared to risk the euro so that they could remain slaves to a defunct idea - that central banking should never adjust to changing financial structures - we could reasonably think, oh well, there will be life after Euro.
