Friday

29th Mar 2024

Ticker

Nahles elected new leader of Germany's SPD

Andrea Nahles was elected leader of Germany's Social Democratic Party (SPD) on Sunday - the first woman to reach this position. Nahles' result - 66.35 percent of the delegates' votes - highlighted the party's division after its electoral defeat last year and the debate over whether to participate in the 'Grand Coalition' with Angela Merkel's Christian Democrats. Nahles insisted on the need to reform the party while supporting SPD ministers.

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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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