Thursday

28th Mar 2024

Ticker

Brexit said to make EU single currency stronger

The UK's departure from the EU will make it harder for other member states to stay out of the euro, Margrethe Vestager, the EU's anti-trust chief, told the Bloomberg news agency at Davos. "Non-euro members will have no natural center once Britain leaves. That's likely to increase the number of euro members over the next 10 years," she said, adding there was "greater appetite" for EU unity after Brexit.

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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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