Thursday

28th Mar 2024

Ticker

Record number of German child benefits sent abroad

Germany has seen a sharp rise - 10 percent since the end of 2017 - in the number of children outside the country receiving benefit payments. "In June 2018, child benefits were paid for 268,336 children living outside of Germany," a finance ministry spokesman told DPA agency. In particular more Polish, Czech and Romanian children, whose parents work in Germany, have benefitted.

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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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