Friday

29th Mar 2024

Ticker

Eurozone fund delays bond sale over French downgrade

The Eurozone's bailout fund (EFSF) financing Irish, Portuguese and Greek bailouts, Tuesday said it will delay a sale of three-year bonds due to Moody's ratings agency having stripped France of its top-rating. The EFSF lost its own triple A rating in January when another agency, Standard & Poor's, downgraded France.

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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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