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29th Mar 2024

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Luxembourg against bank transparency

Luxembourg said Thursday it does not want an early deal to end bank secrecy, reports AFP. Finance ministers on Friday are set to vote on automatic exchange of information on personal savings accounts by the end of 2013. Luxembourg says the deal would give non-EU countries a competitive advantage.

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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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