Friday

29th Mar 2024

Ticker

Report: EU bank rescue deal risks unravelling

An EU "banking union" deal about a common rulebook and a fund for handling bank failures is at risk of unravelling as Britain is seeking changes, the FT reports. "This is a complete mess, a nightmare and we have to decide what to do fast," a source said.

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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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