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29th Mar 2024

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Czech PM threatens to veto banking union

Czech PM Petr Necas on Wednesday threatened to block plans for a supervisory system for European banks. "If the banking union proposal goes ahead in its current form, we will without any doubt oppose it with our veto," Necas said Wednesday, reports AFP. Necas fears potential damage to Czech banks.

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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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