Friday

29th Mar 2024

Ticker

EU to look into Italy spending on migrant boat later on

The European Commission said it will assess EU funds allegedly spent by Italy for escorting the Aquarius boat carrying migrants to Valencia once the "reporting period" for the use of such funds ends at the end of this year, a spokesperson said following EUobserver's report. "We cannot confirm this information ... we have standard procedures through which we assess eligibility at the end of the reporting period," she 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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