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29th Mar 2024

Ticker

Merkel wants German to head next EU Commission, report says

German chancellor Angela Merkel has dropped her support for Bundesbank president Jens Weidmann to become governor of the European Central Bank (EBC) and instead wants a German, possibly economy minister Peter Altmaier, to head the next European Commission, German daily Handelsblatt reported Thursday. Current ECB president Mario Draghi's term ends in autumn 2019, while the new commission will need to be set up after the European elections next May.

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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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