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28th Mar 2024

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Banking union leads to risk mutualisation, says Draghi

Eurozone's banking union currently being set up is a step towards the "long-term objective of mutualisation of risks", European Central Bank chief Mario Draghi said in Davos. "But we need to have a lot of other things in place before we get the political support for risk mutualisation," he added.

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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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