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29th Mar 2024

Ticker

Estonia chooses first woman president

Estonian MPs have chosen Kersti Kaljulaid as president. The 46-year-old, a former member of the European Court of Auditors with no party affiliation, is the first woman to hold the position. She was the only candidate, proposed by a “council of elders” in the parliament after MPs failed to agree in September. She succeeds Toomas Hendrik Ilves for a five-year mandate in the post, which is largely ceremonial.

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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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