Friday

29th Mar 2024

Ticker

Commission delays finance tax by six months

The European Commission has delayed the start of a financial transaction tax (FTT) for six months. In an update of its website, it says the tax "could still enter into force towards the middle of 2014," which would be six months later than the original start date announced.

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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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