Friday

29th Mar 2024

Ticker

EU anti-fraud office pushes for charges against VW

Olaf, the EU anti-fraud office, has recommended German prosecutors to take legal action against two Volkswagen (VW) managers, over an alleged misuse of EU money. After an investigation, Olaf said that the carmaker benefited from a €400-million loan from the European Investment Bank in 2009 to improve its environmental performance, but was developing cheating devices for its diesel engines at the same time. The loan has since been repaid.

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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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