Friday

29th Mar 2024

Ticker

Leftist parties fail to form new Icelandic government

Talks on forming a new Icelandic government led by the Left-Green Movement broke down on Monday, local media reported. The Progressive Party, the Left-Green Movement, the Social Democratic Alliance and the Pirate Party gave up due to their small majority in parliament, holding 32 MPs in Iceland's 63 member parliament. Left-Green Movement leader, Katrin Jakobsdottir, will announce the decision officially on Monday afternoon to Iceland's president.

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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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