Thursday

28th Mar 2024

Ticker

Rome hit by anti-austerity strikes

A strike organised by Italy's Corbas union on Friday interrupted public transport and flight traffic in Rome, while gathering 70,000 people on Saturday in protests against PM Enrico Letta's newly presented austerity budget. The peaceful demonstration got out of hand when passing the finance ministry, where demonstrators clashed with police.

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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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