Is the ECB sabotaging Europe's Green Deal?

The European Central Bank (ECB) recently raised interest rates to their highest point in the currency's existence.

With an increase of 4.5 percentage points in little over a year, the Frankfurt-based bank's governing council has — wittingly or unwittingly — engaged in what is essentially an experiment: can the EU green transition succeed even when money is made so expensive?

"Procrastinating is likely to increase the bill we will end up having to pay," said ECB president Christi...