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28th Mar 2024

Ticker

Lithuania to push military spending above Nato target

Lithuania will keep increasing military spending after hitting Nato's recommended level of 2 percent of gross domestic product (GDP) in the next two years, said the country's finance minister, Vilius Sapoka, in an interview with Reuters. The government also plans to raise tax revenues to 40 percent of GDP in the next five years, from the current 30 percent, to help improve education and healthcare.

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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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