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29th Mar 2024

Ticker

EU: No military solution to Nagorno-Karabakh war

EU council president Donald Tusk said Monday the Armenia-Azerbaijan war had "no military solution" but warned that the status quo was "unsustainable" after fighting flared up over the disputed territory of Nagorno-Karabakh. Armenian president Serzh Sargsyan, who met Tusk in Brussels, said "the only way" to solve the old conflict was by a referendum. Tusk added that talks had "concluded" on a scaled-down EU-Armenia trade and political association pact.

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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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