Friday

29th Mar 2024

Ticker

Second chance for Schulz as SPD wins Lower Saxony

The victory of SPD's Stephan Weil in Lower Saxony state elections on Sunday stabilises party leader Martin Schulz and shows "the left can still win elections" in Europe, German media reported. The SPD has governed the swing state home to carmaker Volkswagen with the Greens for four years. It won 37.3 percent while Merkel's Christian Democrats (CDU) took 33.4 percent, according to projections on public broadcaster ARD.

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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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