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29th Mar 2024

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German economy experiencing major upturn, annual report says

The German economy is expected to grow by 2.0% in 2017 and 2.2% in 2018, according to the German Council of Economic Experts' annual report 2017/18, published Wednesday. The report warned of an overheating of the economy, noting production capacities are over-utilised. Euro-area growth would be 2.3 % in 2017 and 2.1 % in 2018, it said, adding that the European Stability Mechanism should not become a transfer mechanism.

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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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