Thursday

28th Mar 2024

Ticker

Eurogroup clears bailout tranche for Cyprus

Eurozone finance ministers Friday said Cyprus is "on track" and cleared its next bailout tranche of €1.5 billion by end-September, but warned the government to continue implementing reforms "fully and timely" for the programme to continue. The Eurogroup is especially keen to see an action plan on money laundering implemented.

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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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