Friday

29th Mar 2024

Ticker

Report: May to seek two-year EU transition

UK prime minister Theresa May is preparing to ask the EU for a two-year transition deal after Britain leaves the bloc in 2019, the BBC reported on Thursday, amid final tweaks to her speech in Italy on Friday. She will call for deeper ties than Canada has with the EU (free trade only), but fewer obligations than Norway (such as free movement of EU migrants), the BBC said.

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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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