Friday

29th Mar 2024

Ticker

Next EU parliament will have 705 members

The next European Parliament, which will be elected in May 2019, will count 705 members following the UK's EU exit, compared to the current 751. Under the new composition approved by EU leaders on Thursday, 27 seats of the 73 vacated by Brexit will be re-allocated to 14 member states "to better reflect the principle of degressive proportionality," with France and Spain gaining the most - five MEPs.

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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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