Thursday

28th Mar 2024

Ticker

Broken eurozone banks should be allowed to fold: bank chief

Banks should be allowed to sink if they fail a health check on their balance sheets, the bloc's new banking supervisor said in the Financial Times. Daniele Nouy, who heads the bloc's new supervisory authority, said banks should "disappear in an orderly fashion," and not be merged with other banks.

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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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