Friday

29th Mar 2024

Ticker

Austria's Kurz wants to update EU's Lisbon Treaty

Austria's conservative chancellor, Sebastian Kurz, suggested on Friday a far-reaching reform of the EU's Lisbon Treaty to include sanctions against members in debt, penalties for countries that do not register illegal immigrants, and consequences for violations of the rule of law. "We don't want to hand over the EU to the extreme fringes on the left or right, instead we need a strong politics of the centre," he 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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