Friday

29th Mar 2024

Ticker

Orderly Brexit '55% possible', Goldman Sachs predicts

British prime minister Theresa May still has a 55 percent chance of ratifying her Brexit deal by 29 March in a third vote, after MPs' latest rejection of it Tuesday, leading investment bank Goldman Sachs said Wednesday. The odds of cancelling Brexit were 35 percent and those of a no-deal Brexit 10 percent, it added. Germany had "not given up" on "an orderly [British] exit," German chancellor Angela Merkel said.

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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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