Thursday

28th Mar 2024

Ticker

Luxembourg seeks to host EU banking authority

Luxembourg said on Thursday that it wants to host the European Banking Authority, which is currently in London. "This claim is rooted in a decision taken by European leaders in 1965 in which they said they were willing to locate in Luxembourg EU bodies concerned with finance," Luxembourg's prime minister Xavier Bettel said in a letter addressed to both European Council president Donald Tusk and European Commission president Jean-Claude Juncker.

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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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