Friday

29th Mar 2024

Ticker

Facebook 'currency' met with scepticism in Europe

Facebook plans to introduce its own form of currency, Libra, revealed on Tuesday, was met with scepticism in Europe. French finance minister, Bruno Le Maire, demanded that it would be scrutinised by G7 central banks, and said it was "out of the question that it becomes a sovereign currency". German conservative MEP, Markus Ferber, called on the EU commission to start working on a regulatory framework to govern virtual currencies.

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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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