Thursday

28th Mar 2024

Ticker

Davos elites fear swing to the right in EU elections

Global elites gathering in Davos fear more right-wingers and anti-EU politicians elected in May's European election could complicate the political process in the EU. "Just think of how the Tea Party has made governance difficult in the US," Axel Weber, UBS chairman and former Bundesbank president, said according to Reuters.

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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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