Friday

29th Mar 2024

Ticker

Annegret Kramp-Karrenbauer wins CDU leadership election

Delegates from the Christian Democrats (CDU), Germany's largest party, on Friday (7 December) elected Annegret Kramp-Karrenbauer, known as AKK, as their new leader, making her likely to be the next chancellor. AKK, seen as loyal to chancellor Angela Merkel, beat corporate lawyer Friedrich Merz. The party also bid an emotional farewell to Merkel, leader for 18 years, who will remain chancellor until the end of her term in 2021.

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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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