In this respect, the crisis may well turn out to be a catalyst for a paradigm shift, transforming the global financial landscape for the better. Conclusion To conclude, there is no doubt that we have enormous challenges ahead of us and the Eurosystem faces the toughest test it has ever encountered.
At the same time, we must not lose sight of climate change. Climate change will have an impact on prices and on financial stability. That’s why central banks have to deal with it, too. Frankly we’re all in the same boat. Climate change affects us all – both as individuals and in our professional capacities.