Friday

29th Mar 2024

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Iceland to withdraw EU application, lift capital controls

Despite public protests, Iceland’s PM Gunnlaugsson plans to for­mally with­draw the coun­try's EU ap­pli­ca­tion early in the new year, he told Ice­landic ra­dio sta­tion Byl­g­jan on Sun­day. First steps of removing cap­i­tals con­trols, in place since the fi­nan­cial cri­sis hit Iceland in 2008, would likely be taken as well.

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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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