US News Greenpeace action: Paragliding protest flight at the ECB
German inflation rate likely to rise further in February
Berlin (Reuters) - The inflation rate in Germany is expected to have accelerated in February. © Reuters / BENOIT TESSIER 50 and 20 Euro banknotes are displayed in this picture illustration According to reports from six federal states, consumer prices rose between 1.0 and 1.4 percent compared to the same period of the previous year, according to the information published on Monday by the state statutes . On this basis, a first nationwide estimate will be published in the afternoon.
Greenpeace activists used paragliders to protest against the monetary policy of the European Central Bank (ECB) in Frankfurt.
Two paragliders landed on a 15 to 20 meter high roof of the building on Wednesday morning. There they unrolled a twelve-meter-long banner that read: “Stop funding Climate Killers”. Another activist on a third paraglider presented a flight banner. At the request of the police, the activists left the roof after about four hours. According to a spokesman, it was initially unclear whether the ECB would report trespassing.
Consumer prices: German inflation rate at its highest level for almost a year
According to an initial estimate by the Federal Statistical Office, consumer prices rose by 1.3 percent in February compared to the same period of the previous year. © dpa Food prices have recently increased. The rise in prices in Germany accelerated in February. According to an initial estimate by the Federal Statistical Office, consumer prices rose by 1.3 percent compared to the same period last year. The rate of price increase was last in March 2020 at 1.4 percent.
According to Greenpeace, the action was directed “against the climate-damaging monetary policy of the central banks”. According to the authors, a study published by Greenpeace and various research institutes shows “that the ECB is systematically undermining climate protection”. Greenpeace called for “a monetary policy strategy based on the Paris climate agreement”.
The central bank stated: "As part of its mandate as central bank, the ECB is helping to respond to the crisis and acting in harmony with those responsible for climate policy." Europe's monetary authorities are currently reviewing their monetary policy strategy. They also analyze “how we can react to the climate crisis in all of our areas of responsibility”.
There is controversy among central bankers and economists as to whether and to what extent central banks should take climate aspects into account in their monetary policy. Critics argue that including climate targets would water down monetary policy goals. Proponents, on the other hand, see risks for financial stability if monetary policy does not take the climate into account or takes insufficient account of it.
Future under time pressure - Commission wants to seek agricultural consensus .
It's about more environmental protection. For better conditions in the stables. But also about economic prospects for the farms and the delicate question of cheap prices in the supermarket. © Jens Büttner / dpa-Zentralbild / dpa combine harvesters harvest a rye field after sunset. The direction of agriculture in Germany has been fiercely contested for years. A commission set up by the Federal Cabinet is supposed to look for approaches for a broad consensus.