In December it was revealed that the ECB is buying corporate bonds issued by oil and gas companies as well as car makers, highway construction companies and more. In this way, the ECB is pursuing a strategy that runs contrary to the EU's objectives on climate change.
Since then, 75 organisations have signed an open letter to denounce the policy and a number of researchers are looking into ways the ECB's strategy could be aligned with the need to mitigate climate change.
Building upon those efforts, we have identified a need to deepen civil society's understanding of how the ECB's programme works, and how it fits into a broader economic policy - quantitative easing. Also, a discussion on next steps - what to do separately or together - would be very helpful at this stage.
For those reasons, Friends of the Earth Europe, QE4People and Corporate Europe Observatory invite you to join a half-day seminar in Brussels on the 27th of June. Please save the date, and find a preliminary programme below.
13-13.15: Welcome and introduction
13.15-14.15: What is quantitative easing?
Frank Van Lerven (Positive Money) & Josh Ryan-Collins (New Economics Foundation)
14.30-15.30: The ECB's corporate bond purchasing programme: why we should be worried.
Input by Kenneth Haar (Corporate Europe Observatory) & Sini Matikainen (London School of Economics)
15.30-15.45: Coffee break
15:45-17.15: Next steps
Chaired by Colin Roche (FoEE)
- What are the alternatives?
- What further research is needed?
- What other initiatives are feasible and necessary?
Square de Meeûs 18
Google map and directions