Friday

29th Mar 2024

Ticker

Italy to cut growth estimates

Italy will cut its economic growth forecasts, economy minister Pier Carlo Padoan told at a Euromoney conference on Tuesday, Reuters reported. Growth in the eurozone's third-largest economy is expected to be cut to 0.8-0.9 percent for this year, down from 1.2 percent forecast in April. Weaker growth makes it harder for Rome to cut its huge public debt, the highest in the eurozone after Greece.

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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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