Friday

29th Mar 2024

Ticker

Romanian left proposes new PM candidate

Romania's social democrats have nominated former telecommunications minister Sorin Grindeanu for prime minister, a day after the president rejected their previous pick for the job. The president gave no reason for rejecting Sevil Shhaideh, who would have been the first Muslim woman to head an EU government. Her Syrian husband is said to support Bashar al-Assad. Grindeanu could be installed this week.

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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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