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29th Mar 2024

Ticker

Merkel warns days after summit could be vital

German chancellor Angela Merkel warned that the days after Thursday's EU summit could be vital to avoid a no-deal Brexit next week. Arriving in Brussels, she said the UK parliament may not approve British prime minister Theresa May's deal on a third vote. "In that situation we may also, day by day after the summit, decide what we can do". Merkel called the deal well-negotiated and warned options were limited.

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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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