Friday

29th Mar 2024

Ticker

EU and Nato pledge to strengthen alliance

EU and Nato pledged Tuesday to continue strengthening the transatlantic military alliance which they say plays a "unique and essential role as the cornerstone of collective defence for all allies." In a joint declaration ahead of Wednesday's summit, they said Nato members should "foster an equitable sharing of the burden, benefits and responsibilities." Meanwhile US president Donald Trump tweeted "Nato countries must pay more, the United States must pay less."

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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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