Thursday

28th Mar 2024

Ticker

Germany and France agree eurozone budget framework

German finance minister Olaf Scholz and his French counterpart Bruno Le Maire have agreed a joint plan for a eurozone-only budget to be presented in Monday's Eurogroup meeting in Brussels, with view to adoption at the 14 December euro summit, German media reported. Eurozone finance ministers, rather than the European Commission, would be in charge of designing investment programmes to be paid via new taxes.

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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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