Friday

29th Mar 2024

Ticker

IMF chief Lagarde's trial begins in France

IMF chief Christine Lagarde goes on trial in France on Monday for her role in a 2008 arbitration ruling that handed €403 million to a French business magnate, Bernard Tapie, an ally of then president Nicolas Sarkozy. Lagarde, who was French finance minister at the time, has denied that she had favoured Tapie or acted on Sarkozy’s orders. She took over as IMF head in 2011.

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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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