Friday

29th Mar 2024

Ticker

Germany preparing for deep recession

The German government is working on a plan to contain a possible deep recession, according to Bloomberg. The plan contains fiscal stimuli to bolster the domestic economy and consumer spending in order to avoid a sharp increase in unemployment. On Monday, the German Central Bank warned of a coming recession as economic projections seemed to be much worse than predicted.

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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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