Friday

29th Mar 2024

Ticker

Palestinians wasting €2 billion in aid

The Palestinian Authority has wasted nearly €2 billion in European aid through corruption and mismanagement, Britain’s Sunday Times reports. According to a not-yet published report, the European Court of Auditors has found “significant shortcomings" in audits of €1.95 billion spent in the West Bank and Gaza between 2008 and 2012.

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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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