Friday

29th Mar 2024

Ticker

EU banking system infested by 'rats', Latvia says

Latvia's banks will be "the cleanest" in Europe, Krisjanis Karins, the country's prime minister, told MEPs in Strasbourg Wednesday after Latvian lender ABLV collapsed last year in a money-laundering affair. "It's a little bit like fighting rats. I can make sure I get the rats out of my house and my house is clean, but what about my neighbours?", he added, referring to recent banking scandals in other EU states.

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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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