Friday

29th Mar 2024

Ticker

German AfD funding scandal widens

The scandal over a dubious and possibly illegal transfer of €130,000 from a Swiss-based pharmaceutical company to fund the election of German AfD MP Alice Weidel grew on Thursday, with the AfD admitting Weidel also received €150,000 in February from a Belgium foundation, Stichting Identiteit Europa. The money was transferred from the Netherlands. The AfD party returned the full amount in May, three months after receiving it, it 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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