Thursday

28th Mar 2024

Ticker

IMF disputes EU's bailout for Greece

The EU's bailout programme for Greece will push its government debt to 275 percent of GDP by 2060, an International Monetary Fund draft report says. Greece's creditors are due to meet in February to unlock the next portion of the €86 billion bailout, but the figures would forbid the IMF from taking part. A bailout fund spokesperson told Reuters the programme was "credible" and disputed the IMF figures.

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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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