Friday

29th Mar 2024

Ticker

Schulz calls for eurozone budget and minister

Martin Schulz, leader of Germany's centre-left SPD party, said on Wednesday at a business conference that the eurozone needed its own budget and a finance minister. "If we want Europe to remain strong in the long term, then we also must enable it to act and ensure people see a tangible difference in their lives," he said. Schulz is due to begin coalition talks with his centre-right rival Angela Merkel.

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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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