Friday

29th Mar 2024

Ticker

EU commission confirms opposition to Nord Stream 2

"In a nutshell, we don't like [the] Nord Stream 2 project, politically," EU commission spokesman Alexander Winterstein told press in Brussels, Friday. He confirmed that letters had been sent to Denmark and Sweden to clarify the commission's position on the Russian gas pipeline project. The commission however held back comments on commercial and market aspects of the project: "We can not really speculate on a pipeline which doesn't exist".

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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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