Thursday

28th Mar 2024

Ticker

Europe has no vision, says Italian minister

Italian finance minister Pier Carlo Padoan said on Wednesday that Europe doesn't have a "a vision that is comparable in terms of powerfulness" to what US president-elect Trump and Brexit are offering. "You may agree or disagree with that vision, but there is a challenge," he told the World Economic Forum in Davos, adding that "the problem in Europe is Europe".

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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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