Friday

29th Mar 2024

Ticker

Weber withdraws his claim for the EU commission

Manfred Weber, the centre-right EPP's lead candidate in the race for the EU commission presidency on Tuesday withdrew his candidacy, making way for German minister Ursula von der Leyen to get the post. The EPP won the European elections last month and Weber was in pole position to clinch the EU commission top post, but his nomination was met with heavy resistance including from French president Emmanuel Macron.

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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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