Thursday

28th Mar 2024

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Protests in Lisbon over new austerity budget

Two thousand protesters confronted riot police outside the Portuguese parliament on Monday after a new austerity budget in scenes reminiscent of Greece. Measures include a 13.2% hike in income tax, cuts of €2.7 billion from public spending next year and firing 12,000 civil servants.

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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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