Friday

29th Mar 2024

Ticker

Kurz wins Austria election: exit poll

Sebastian Kurz is to be Austria's next chancellor after his centre-right OVP party won 57 out of 183 parliament seats on Sunday according to exit polls by state broadcaster ORF. The 31-year old is expected to form a coalition with the nationalist FPO party, which got 51 seats. The centre-left SPO party came third with 49. The European Jewish Congress urged Kurz to shun the FPO, which has Nazi roots.

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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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