Thursday

28th Mar 2024

Ticker

Portugal opposition elects new leader

The former mayor of Porto, Rui Rio, was elected on Saturday to head Portugal's centre-right Social Democrats opposition party. Rio said he did not oppose the possibility of supporting a minority government with the centre-left Socialist party. The austerity-hit country is set to have a general election next year. The current minority Socialist government has reversed many of the austerity policies first launched under the previous centre-right leadership.

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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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