Thursday

28th Mar 2024

Ticker

EU staff strike over budget cuts

Between 3,000 and 4,000 EU civil servants went on strike on Wednesday to protest against possible EU budget cuts. As leaders convene for the budget summit, some want deep cuts in administrative spending by laying off civil servants, introducing new taxes and hiking the pension age to 65 .

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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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