ECBs Elderson laying the case for "green"

Preference for EU Supranational Bonds:

• Elderson emphasizes that when there's no clear monetary policy reason to prefer domestic sovereign bonds, the ECB should think about increasing the share of EU supranational bonds.

Reconsidering Targeted Longer-Term Refinancing Operations (TLTROs) for Banks:

• Elderson suggests that if there's a future monetary policy need to reconsider TLTROs for banks, there are strong reasons to seriously think about integrating environmental sustainability aspects into these operations ("greening" them).