Thursday

28th Mar 2024

Ticker

French bankers say Paris abandons unilateral Tobin tax

The French government is abandoning a France-only financial transaction tax after days of pressure from the country's top banks, who threatened to relocate their businesses - unnamed sources from the banking sector told Handelsblatt. France will continue to push for an EU or eurozone-wide tax, the paper writes.

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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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