Friday

29th Mar 2024

Ticker

European Central Bank to get Irish chief economist

Irish central bank governor since 2015, Philip Lane, is the sole candidate to replace Peter Praet as the European Central Bank's next chief economist from 1 June, the president of the Eurogroup, Mario Centeno, said in a statement on Wednesday. Finance ministers from the 19 euro countries will discuss his candidacy, before an EU summit in March can formally appoint him after the European Parliament has been consulted.

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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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