Friday

29th Mar 2024

Ticker

Major variations in online banking take-up across EU

Around half (51%) of adult Europeans use internet banking, according to statistics published by Eurostat on Monday. Internet banking is particularly popular among 25 to 34 year olds, with 68% paying online. Internet banking is most common in Denmark (90%) and the Netherlands (89%), followed by the other Nordic countries - Finland (87%) and Sweden (86%). The lowest shares were registered in Bulgaria (5%) and Romania (7%).

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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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