Friday

29th Mar 2024

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Report: €48bn hidden from Belgium taxman in Luxembourg

Dozens of Belgian companies and individuals, including 60 of the country's 100 richest people, and former prime minister Yves Leterme, have created shell companies in Luxembourg to benefit from loose tax rules and hide some €48bn from the Belgian state, an investigation by Belgium's Le Soir has found.

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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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