Friday

29th Mar 2024

Ticker

Commission increases maximum amount of farm subsidies

The European Commission proposed on Friday that recipients of EU farm subsidies should be capped at €100,000 - except if the surplus amount is spent on wages. Initially EU agriculture commissioner Phil Hogan said the maximum would be set at €60,000, but "some member states" made objections. "We don't want unintended consequences of having a very serious financial burden imposed on businesses, particularly in our eastern European countries," said Hogan.

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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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