21– See Parker, M. (2018), “  The Impact of Disasters on Inflation  48; ECB and ESRB, (2020, ibid.). 8. The challenge goes beyond climate change. Other aspects of environmental protection, in particular the preservation of biodiversity, are equally important. (TFEU).  10. When the Eurosystem launched its public sector purchase 9. See  Art.
The reduction of the Cash Reserve Ratio induced banks to expand credit to the private sector and thus stimulate economic growth. Analysis of the banking sector indicators shows that gross loans to most sectors increased in absolute terms. 4. But the cost of credit and interest rates spread remain high.