Thursday

28th Mar 2024

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EU leaders eye IMF for extra cash

EU leaders Sunday indicated they want the IMF to provide new funds for a possible new facility that could buy Spanish and Italian bonds, to beef up the existing €440 billion bail-out fund. Summit conclusions refer to exploring "possible contributions to the IMF from countries with a large external surplus."

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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