Friday

29th Mar 2024

Ticker

'Unhappy' Trump claims allies agree to boost defence spending

US president Donald Trump said Nato member states agreed to further increase defence spending after reportedly threatening to pull out of the alliance. "I let them know that I was extremely unhappy," he told journalists on Thursday. Trump had said earlier that he wanted allies to spend 4 percent of GDP on defence. French president Emmanuel Macron later denied that allies agreed to go beyond the current 2-percent target.

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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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