Thursday

28th Mar 2024

Ticker

Eurozone unemployment dropping, but at slower pace

Unemployment in the eurozone continued to fall in May and stood at 11.6%, but the decrease is at a slower pace compared to last year, according to Eurostat. "A mild recovery continues but it is still leaving many people behind," said employment commissioner Laszlo Andor.

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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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