, 5 tweets, 2 min read
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.
but now we cant reasonably think that, unless we deny climate crisis - fundamentally, Weidmann is a climate denier.
Coming to a German wedding near you, this is #WallStreetClimateConsensus and its supporters
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Daniela Gabor

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!