Friday

29th Mar 2024

Ticker

Anti-euro billionaire quits Austrian politics

Austrian-Canadian billionaire Frank Stronach Tuesday announced he will be quitting Austria's parliament, 16 months after founding Team Stronach, a rightist party campaigning for Austria to leave the eurozone. The 81-year old spent €30 million on the campaign, scooping 11 parliamentary seats in September's elections.

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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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