Commenting on the ECB’s decision to cut interest rates today, ETUC General Secretary Esther Lynch said:
“The ECB has a duty to keep cutting interest rates with the same urgency with which they raised them to record levels at the expense of workers and their companies.
“High interest rates are preventing the scale of investment required for Europe to decarbonise its industries, putting at risk quality jobs now and in the future.
“The ECB should fulfil its secondary mandate to support the economic policies of the EU by continuing to cut interest rates and unlocking the investment needed to make the Clean Industrial Deal a success.”
