Friday

29th Mar 2024

Ticker

Spain follows France with boost to minimum wage

Spanish prime minister Pedro Sanchez announced on Wednesday the largest annual increase in more than 40 years of the minimum wage, saying "a rich country cannot have poor workers". The lowest-paid workers salary would rise 22 percent to €900 per month in 2019, which would cost the state €340m per year. French president Emmanuel Macron under pressure from large public protests announced a €100 increase in the minimum wage.

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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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