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29th Mar 2024

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Tens of thousands protest in Spain against austerity

Tens of thousands protested in Spain on Sunday against the recently adopted €10bn budget cuts, particularly affecting education and healthcare. The spending reduction is required under beefed up EU budget deficit rules. Meanwhile, Spain's unemployment rate in the first three months of 2011 rose to 24.4 percent.

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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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