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29th Mar 2024

Ticker

Estonian presidency proposes scrapping migration quotas

EU countries would only have to take migrants from each other if the frontline state and the host country agree on it, according to a proposal by Estonia, which holds the EU's rotating presidency. The aim is to break the impasse on the EU's asylum reform, where east European member states strongly oppose taking people in based on quotas. Under the plan, countries could instead help with aid, personnel, funding.

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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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