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29th Mar 2024

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French National Front considers borrowing more Russian money

France's far-right National Front is considering borrowing money from "foreign banks and why not Russian", the party's treasurer told Le Figaro newspaper. The FN needs €27 million to fund its presidential and legislative election campaigns in 2017. In 2014, it borrowed €9 million from a Russian bank.

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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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