Since the outbreak of the corona pandemic, the ECB has spent over seven billion euros on bonds from oil and gas companies and other fossil companies. A change of course towards more climate protection has been announced.
When the European Central Bank meets tomorrow for its interest rate meeting, large numbers will once again make headlines: Chances are that the monetary watchdogs will increase the emergency program for the purchase of bonds (PEPP), which is actually limited to 750 billion euros, by another 500 billion euros . But who benefits from it? Where does all the money go?
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