Europe won’t find a way out of the low-interest-rate environment for good if we just point our finger at the central bank. Returning to a sustainable path of stable growth and stable prices will require others to make an effort, especially the governments of the euro-area countries.
Financial institutions that support exporting companies are no exception. The Glasgow Financial Alliance for Net Zero (GFANZ), comprised of banks, investment firms and others, is urging financial institutions to demonstrate tangible results in achieving the targets they have voluntarily disclosed for carbon neutrality. As we approach 2030, the pressures of global regulations and goal attainment related to environmental issues will only intensify.