Friday

29th Mar 2024

Ticker

Greece to probe use of EU subsidies

The Greek government will give its Financial Crimes Squad (SDOE) the mandate to scrutinize companies suspected of fraudulent use of European Union investment subsidies, finance minister Yannis Stournaras revealed Monday. Working alongside the EU's anti-fraud office OLAF, the government will carry out a series of on-site verifications of EU projects.

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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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