Friday

29th Mar 2024

Ticker

EU wary of Palestine's financial collapse

The EU is urging the Palestinian Authority to accept tax income from Israel in order to avoid financial collapse, aggravating the risk of instability, Israeli newspaper Haaretz reports. Palestinian president Mahmoud Abbas has refused the money, which makes up 63 percent of the PA's budget, since last year on grounds that Israel illegally deducted part of it. But the EU says he ought to accept it "on a provisional basis".

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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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