Friday

29th Mar 2024

Ticker

Still no German coalition as deadline passes

Four months after an inconclusive election, Germany's centre-right CDU/CSU and centre-left SPD parties have said they needed more time to finalise details of a new 'Grand Coalition'. "We did good groundwork yesterday but there are still important issues that need to be resolved," chancellor Angela Merkel said on Sunday, her self-imposed deadline for a deal, with labour rules and healthcare reforms still under discussion after difficult talks on migration.

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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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