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29th Mar 2024

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EU court condemns evictions of Spanish mortgage defaulters

The European Court of Justice on Thursday ruled against Spain's mortgage legislation, saying that norms regulating the evictions of mortgage defaulters violated a European directive on consumer protection, DPA reports. An estimated 350,000 people have lost or are about to lose their homes over unpaid mortgages in crisis-hit Spain.

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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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