Thursday

28th Mar 2024

Ticker

Merkel says EU is no social union

"The EU is no social union," German Chancellor Angela Merkel told Passauer Neuer Presse, adding that Germany does not want to pay unemployment benefits to EU citizens who come to Germany solely for that. An EU court opinion on Tuesday said Germany can reject benefit claims to avoid 'social tourism'.

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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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