Friday

29th Mar 2024

Ticker

France unhappy over US fine against BNP bank

France's foreign minister Laurent Fabius Tuesday described a possible €7.3 billion fine against BNP Parisbas as unreasonable, reports the BBC. The US fined the French bank for breaking trade sanctions against Sudan, Iran and Cuba. "The fine has to be proportionate and reasonable. These figures are not reasonable," said Fabius.

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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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