Friday

29th Mar 2024

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Iceland PM predicts UK and Netherlands will lose new lawsuit

Iceland PM Gunnlaugsson told the FT the British and Dutch governments will lose their new €6bn lawsuit against his country's depositors' guarantee fund, the TIF, over losses from the 2008 collapse of Landsbanki. "The country is in the clear," he said. The pair lost a previous case against Iceland's government.

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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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