Friday

29th Mar 2024

Ticker

Germany threatens Romania over impeachment

German government spokesman Steffen Seibert said on Monday that Berlin "supports the European Union in launching potential actions" against the Romanian government, after left-wing PM Ponta impeached the centre-right President Basescu last week. Seibert said the "political war" has trampled on rule of law in the easterly EU country.

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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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