Media coverage

Central banking, (19 March 2026)

“Any decision to raise interest rates in the coming months should be grounded in evidence that the energy shock is propagating into longer term demand-led inflation, and on robust analysis of whether fiscal policy will dampen or amplify inflationary pressures. As we learnt from 2022, the policy mix matters a lot more than interest rates alone when facing a supply shock.”

Euractiv (8 January 2025)

Stanislas Jourdan, policy expert at Sustainable Finance Lab, told Euractiv that the report “fails to talk about the elephant in the room,” namely that “right now, green lending barely gets rewarded.” Jourdan says the introduction of a green interest rate, “say 100 to 200 bps below the market rate” would be “a game changer”

ARA CAT (18 october 2020)

Interview on the ECB and central bank independence.

NRC (6 february 2020)

By ignoring house price inflation, “the ECB runs the risk of stimulating housing bubbles without detecting them itself,” writes Stanislas Jourdan

Green European Journal (30 April 2019)

In this interview, Positive Money Europe’s Stanislas Jourdan explains that 97% of our money is currently created by private banks when they issue loans, rather than by the state. He argues that this system forces the economy into a cycle of debt and instability. He advocates for “Quantitative Easing for People” or “Green QE”.

Green Central Banking (3 march 2026)

“The report is a good example of the scrutiny needed to oversee central banks”, said Stanislas Jourdan, research associate at the Sustainable Finance Lab.

Reuters (20 January 2025)

“The Fed’s move should wake up political forces in favour of the green transition in Europe to support the ECB’s climate endeavour,” Jourdan said. “With more political support, we could double down with more proactive policies such as a green interest rate.”

Politico (5 May 2020)

“The eurozone cannot continue to muddle through with creative interpretation of EU law by the ECB,” said Stanislas Jourdan, executive director of Positive Money Europe”

Financial Times (27 November 2019)

“We have reached the point where the reputational risk of doing nothing is large enough that they will have to announce something at the end of the review — the big question is what,” said Stanislas Jourdan, head of Positive Money Europe.

Euractiv (28 February 2025)

“more ambitious and pervasive policies are needed, such as the introduction of a lower green interest rate by the ECB. Such policy could deliver more favourable borrowing costs for selected types of taxonomy-aligned bank lending such as for renewables, energy efficiency renovation or electric vehicles, and to SMEs voluntarily carrying out CSRD reporting.”

Central Banking (11 February 2025)

Reuters (8 July 2026)

“Far more people across Europe are going to struggle to repay their mortgages in the coming years than the ECB’s results today suggest” said Stanislas Jourdan, executive director of Positive Money Europe

Bloomberg (5 May 2020)

“After today’s ruling, it is clear that the Eurozone cannot continue to muddle through with creative interpretation of EU law by the ECB” Stanislas Jourdan said. “the EU should legally allow the ECB to use its money creation power to serve the public good, so these toxic legal complaints can be put to an end for good.”

Bloomberg (9 April 2019)

“In the face of growing challenges, uncertainty and criticism, it is necessary to strengthen the ECB’s accountability now to ensure it has the legitimacy to act when the next crisis hits,” Stanislas Jourdan, one of the report’s co-authors, said in a statement.

Financieele Dagblad (8 July 2022)

‘Banken mogen bijvoorbeeld de effecten van hun eventuele toekomstige milieumaatregelen nu al meerekenen’, zegt Stanislas Jourdan. ‘Dan kom je vanzelf tot een onderschatting van de risico’s.’

Euractiv (13 February 2020)

“After this vote, the ECB can now confidently start its strategic review, knowing there is agreement in principle that the bank should play a role in the EU’s climate strategy,” Stanislas Jourdan said.

Reuters (5 December 2019)

“The ECB could also apply a larger haircut on polluting assets offered as collateral in its market operations, Stanislas Jourdan of lobby group Positive Money Europe said after meeting Lagarde this week. “Part of the problem is that the ECB relies so much on credit ratings, and credit ratings don’t incorporate climate risk”