Friday

29th Mar 2024

Ticker

Austria to sue EU if it backs UK nuclear plant

Austria will take the European Commission to the EU's top court if it approves Britain's plans for a new €20 billion nuclear plant, the Chancellor said Saturday. A number of EU countries say the plan to guarantee the price of power produced in the plant breaches EU state aid rules.

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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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