Friday

29th Mar 2024

Ticker

UK has to add €2 billion to EU budget

The United Kingdom has to contribute a one-off €2.1 billion top-up to the EU budget, now that the method for calculating gross national income has changed, the FT reported on Thursday. The Netherlands has to pay €642 million, while France will receive a €1 billion refund.

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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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