Thursday

28th Mar 2024

Ticker

Commission needs time to assess German Dieselgate fine

The European Commission's infringement procedures against EU states that - according to the commission - are failing to uphold car emissions legislation, remains ongoing for now. A spokeswoman told EUobserver that the commission needed time to assess Germany's €1bn fine for emissions fraud against Volkswagen, handed out last week. Germany, Italy, Luxembourg, and the UK have until 17 July to respond to 'letters of formal notice' related to Dieselgate.

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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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