Friday

29th Mar 2024

Ticker

Richer regions to get extra EU aid due to eurozone crisis

Regions in Greece, Portugal, Ireland and Spain considered too rich to receive EU cohesion funding are to get extra money as they have been "particularly affected" by the euro crisis. Greece's richer regions will get €1.3bn, Portugal €1bn, Ireland's Border, Midland and Western region €100 million and Spain's regions €1.8bn.

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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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