Friday

29th Mar 2024

Ticker

Hungary: UN treaty could 'inspire millions' of migrants

Hungary has become the only EU state to refuse to sign a UN treaty urging parties to "uphold ... their obligations under international law" on migrants. The pact "could inspire millions" of people to come to Europe, Hungarian foreign minister Peter Szijjarto said Wednesday. "Its main premise is that migration is a good and inevitable phenomenon. We consider migration a bad process, which has extremely serious security implications," he said.

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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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