Friday

29th Mar 2024

Ticker

France to repay €20mn in farm funding

A total of €20 million of EU agricultural policy funds, unduly spent by France, was Wednesday claimed back by the European Commission under the so-called clearance of accounts procedure. In total, Brussels ordered €57 million back from 15 member states after audits had shown the funds was not spent properly.

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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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