Friday

29th Mar 2024

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Greek coalition in dispute over cutting 50,000 jobs

Greek politicians in the centre-left Pasok and Democratic Left parties oppose plans to cut 50,000 public sector jobs in a bid to reduce state expenditure by an extra €11.5bn, reports the Guardian. Centre-right prime minister Antonis Samaras is under pressure from Brussels to impose the cuts.

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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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