Friday

29th Mar 2024

Ticker

EU cracks down on Ryanair

EU regulators on Wednesday ordered Ryanair and Lufthansa's Germanwings, along with two airports, to pay back millions of euros in illegal subsidies, reports the Wall Street Journal. Illegal subsidies amount to €500,000 for Ryanair, €1.2 million for Germanwings, €47 million for Germany's Zweibrücken airport, and €6 million for Charleroi airport.

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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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