Thursday

28th Mar 2024

Ticker

London finance hub menaced, says Sweden

A UK exit from the EU would precipitate the fall of London as a top-class financial hub, said Swedish Finance Minister Anders Borg on Wednesday. “It would be very difficult to see London remain a financial center," said Borg, reports Bloomberg. London is Europe's largest financial and banking centre.

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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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