Friday

29th Mar 2024

Ticker

EU leaders aim at finishing budget talks in autumn 2019

EU leaders adopted a text at their summit in Brussels on Thursday calling on the next rotating presidency of the Council, Romania, to continue work on the next seven-year budget (2021-2027), "with a view to achieving an agreement in the European Council in autumn 2019". That timeline is less ambitious than the one preferred by the European Commission, which wants a budget deal before the EU parliament elections, May 2019.

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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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