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28th Mar 2024

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Spanish unemployment rate drops

Spain's unemployment rate dropped to 26.3% down from 27.2% in the first quarter, reports the BBC. It is the first time the unemployment rate has fallen in two years. A strong tourist season is credited for the difference, which accounts for nearly 10% of Spain's GDP.

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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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