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29th Mar 2024

Ticker

Draghi: Loose lips on budget 'damaged' Italy

European Central Bank chief Mario Draghi has said Italy's flip-flopping on whether it planned to overspend on EU debt limits had "damaged" the country by spiking interest rates and bond prices. "In the last few months words have changed many times and what we're now waiting for are facts, mainly the budget law," he said. EU financial affairs commissioner Pierre Moscovici said Italy needed a "credible budget" and lower debt.

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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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